First Quantum Minerals (TSE:FM) Price Target Lowered to C$19.50 at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its price target cut by Jefferies Financial Group from C$20.00 to C$19.50 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

FM has been the topic of a number of other reports. National Bank Financial raised shares of First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research note on Thursday, February 29th. Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a research note on Thursday, March 28th. Eight Capital boosted their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a research note on Monday. Canaccord Genuity Group boosted their price target on shares of First Quantum Minerals from C$21.00 to C$22.00 in a research note on Wednesday, April 17th. Finally, Barclays upped their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an equal weight rating in a research note on Tuesday, April 16th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$16.85.

First Quantum Minerals Stock Performance

TSE:FM opened at C$15.94 on Wednesday. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The firm has a market capitalization of C$13.29 billion, a price-to-earnings ratio of -8.52, a PEG ratio of -1.28 and a beta of 2.01. The company’s 50-day moving average is C$14.10 and its two-hundred day moving average is C$15.08. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$39.13.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion during the quarter, compared to analyst estimates 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%. Analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current year.

First Quantum Minerals Company Profile

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.