First Quantum Minerals (TSE:FM) Given New C$17.00 Price Target at Eight Capital

First Quantum Minerals (TSE:FM) had its target price hoisted by Eight Capital from C$16.00 to C$17.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Citigroup decreased their price objective on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating on the stock in a report on Wednesday, January 10th. Bank of America boosted their price target on First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. Barclays boosted their price target on First Quantum Minerals from C$13.00 to C$16.00 and gave the company an equal weight rating in a report on Tuesday, April 16th. Raymond James boosted their price target on First Quantum Minerals from C$13.00 to C$16.00 in a report on Wednesday, March 20th. Finally, Canaccord Genuity Group boosted their price target on First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday, April 17th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of C$16.08.

First Quantum Minerals Stock Down 0.2 %

FM opened at C$15.93 on Monday. The company has a market cap of C$13.28 billion, a P/E ratio of -8.52, a P/E/G ratio of -1.28 and a beta of 2.01. The business’s 50-day moving average price is C$13.94 and its 200-day moving average price is C$15.17. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. On average, equities analysts expect that First Quantum Minerals will post 0.7906736 EPS for the current 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.