First Quantum Minerals (TSE:FM) Price Target Raised to C$18.00

First Quantum Minerals (TSE:FM) had its price objective boosted by JPMorgan Chase & Co. from C$12.00 to C$18.00 in a report issued on Wednesday morning, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

FM has been the topic of several other research reports. Scotiabank decreased their price objective on First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating on the stock in a report on Thursday, February 22nd. TD Securities lifted their price objective on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a hold rating in a report on Monday, March 4th. UBS Group set a C$16.00 price objective on First Quantum Minerals and gave the stock a neutral rating in a report on Tuesday, January 16th. CIBC decreased their price objective on First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Finally, Barclays lifted their price objective on First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an equal weight rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$16.02.

First Quantum Minerals Trading Down 0.8 %

TSE FM opened at C$15.96 on Wednesday. The stock’s 50-day simple moving average is C$13.78 and its two-hundred day simple moving average is C$15.57. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. The company has a market capitalization of C$13.30 billion, a price-to-earnings ratio of -8.53, a PEG ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. Research analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current fiscal year.

About First Quantum Minerals

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.