First Quantum Minerals (TSE:FM) Price Target Increased to C$23.00 by Analysts at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its target price upped by research analysts at Jefferies Financial Group from C$19.50 to C$23.00 in a research note issued to investors on Monday, BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 29.21% from the company’s current price.

Several other analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. TD Securities increased their price target on First Quantum Minerals from C$17.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Bank of America upped their target price on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Barclays increased 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 research report on Tuesday, April 16th. Finally, Canaccord Genuity Group decreased their target price on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating for the company in a research report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$19.46.

First Quantum Minerals Stock Down 1.7 %

Shares of TSE FM opened at C$17.80 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 52.05. The company has a market cap of C$14.84 billion, a price-to-earnings ratio of -7.71, a PEG ratio of -1.28 and a beta of 1.96. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13. The stock has a 50-day moving average price of C$17.94 and a two-hundred day moving average price of C$15.06.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The business had revenue of C$1.40 billion for the quarter, compared to analyst estimates of C$1.25 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. As a group, analysts forecast that First Quantum Minerals will post 1.0067358 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Zenon Wozniak sold 49,250 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total value of C$885,022.50. Company insiders own 16.10% of the company’s stock.

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.