First Quantum Minerals (TSE:FM) Price Target Raised to C$47.00 at National Bankshares

First Quantum Minerals (TSE:FM) had its target price raised by National Bankshares from C$42.50 to C$47.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 12.25% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Desjardins upped their price objective on First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price target for the company from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Citigroup lifted their price objective on First Quantum Minerals from C$26.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. TD Securities upped their price objective on shares of First Quantum Minerals from C$34.00 to C$41.00 in a report on Thursday, January 22nd. Finally, Raymond James Financial lifted their target price on shares of First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.34.

First Quantum Minerals Stock Up 0.6%

First Quantum Minerals stock traded up C$0.24 during trading on Thursday, hitting C$41.87. 3,418,891 shares of the company were exchanged, compared to its average volume of 2,300,633. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The business’s 50 day moving average is C$35.99 and its 200 day moving average is C$30.10. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$45.17. The company has a market capitalization of C$34.93 billion, a P/E ratio of 697.83, a PEG ratio of -1.28 and a beta of 1.37.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$1.87 billion during the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. Analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Activity at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur acquired 10,000 shares of First Quantum Minerals stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average price of C$29.06 per share, with a total value of C$290,600.00. Following the completion of the purchase, the director owned 35,000 shares in the company, valued at approximately C$1,017,100. The trade was a 40.00% increase in their ownership of the stock. Insiders have purchased 10,474 shares of company stock valued at $304,575 in the last three months. 19.35% of the stock is currently owned by company insiders.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.