First Quantum Minerals (TSE:FM) Price Target Raised to C$46.00

First Quantum Minerals (TSE:FM) had its price objective upped by Canadian Imperial Bank of Commerce from C$36.00 to C$46.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. upgraded First Quantum Minerals from a “neutral” rating to an “overweight” rating and increased their price target for the company from C$20.00 to C$42.00 in a report on Friday, October 10th. National Bankshares boosted their price objective on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their target price for the company from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. Jefferies Financial Group raised their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Finally, Raymond James Financial lifted their price target on shares of First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.28.

First Quantum Minerals Stock Up 5.0%

TSE FM opened at C$37.36 on Wednesday. The stock has a 50 day moving average price of C$37.25 and a 200-day moving average price of C$30.79. First Quantum Minerals has a one year low of C$14.41 and a one year high of C$45.17. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market capitalization of C$31.17 billion, a P/E ratio of 622.67, a P/E/G ratio of -1.28 and a beta of 1.35.

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

About First Quantum Minerals

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.