First Quantum Minerals (TSE:FM) Price Target Cut to C$42.90 by Analysts at Barclays

First Quantum Minerals (TSE:FM) had its price objective lowered by analysts at Barclays from C$44.20 to C$42.90 in a report issued on Tuesday,BayStreet.CA reports. Barclays‘s price objective points to a potential upside of 19.60% from the stock’s previous close.

A number of other equities analysts have also commented on FM. Canadian Imperial Bank of Commerce raised their price objective on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. National Bank Financial increased their target price on First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. Desjardins lifted their price target on First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a report on Monday, January 26th. TD Securities upped their price target on First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada increased their price objective on First Quantum Minerals from C$35.00 to C$40.00 in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, First Quantum Minerals has an average rating of “Moderate Buy” and an average target price of C$41.19.

First Quantum Minerals Price Performance

Shares of TSE FM traded down C$0.35 during midday trading on Tuesday, reaching C$35.87. The company’s stock had a trading volume of 1,583,741 shares, compared to its average volume of 2,671,208. 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 company has a market cap of C$29.71 billion, a price-to-earnings ratio of -1,195.67, a price-to-earnings-growth ratio of -1.28 and a beta of 1.35. 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 50 day moving average price of C$37.83 and a 200 day moving average price of C$31.47.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. On average, equities research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current year.

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.