First Quantum Minerals (TSE:FM) had its price target trimmed by Credit Suisse Group from C$13.00 to C$12.00 in a report published on Tuesday, Stock Target Advisor reports.
Several other analysts also recently issued reports on FM. Raymond James reiterated an outperform rating and set a C$15.00 price target on shares of First Quantum Minerals in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upgraded First Quantum Minerals from an underweight rating to a neutral rating and upped their price target for the stock from C$12.00 to C$15.00 in a research note on Tuesday, December 17th. National Bank Financial upped their price target on First Quantum Minerals from C$12.00 to C$12.75 and gave the stock a sector perform rating in a research note on Monday, November 18th. Macquarie reiterated a neutral rating and set a C$11.20 price target on shares of First Quantum Minerals in a research note on Tuesday, September 24th. Finally, Barclays upped their price target on First Quantum Minerals from C$14.00 to C$17.00 in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$14.58.
FM opened at C$13.10 on Tuesday. The company has a market cap of $9.16 billion and a PE ratio of 35.41. The stock has a 50-day moving average of C$12.84 and a 200-day moving average of C$11.34. First Quantum Minerals has a 52-week low of C$7.84 and a 52-week high of C$16.63. The company has a debt-to-equity ratio of 90.14, a quick ratio of 0.64 and a current ratio of 1.37.
About First Quantum Minerals
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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