First Quantum Minerals (TSE:FM) PT Raised to C$16.00 at Barclays

First Quantum Minerals (TSE:FM) had its price objective hoisted by Barclays from C$13.00 to C$16.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the company. Raymond James upped their target price on First Quantum Minerals from C$13.00 to C$16.00 in a research report on Wednesday, March 20th. CIBC decreased their target price on First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. National Bank Financial raised First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research report on Thursday, February 29th. Royal Bank of Canada raised First Quantum Minerals from a sector perform rating to an outperform rating and upped their target price for the company from C$17.00 to C$18.00 in a research report on Monday, March 4th. Finally, Morgan Stanley upped their target price on First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a research report on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of C$16.02.

First Quantum Minerals Trading Down 0.8 %

FM opened at C$15.96 on Tuesday. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$39.13. The company has a market cap of C$13.30 billion, a P/E ratio of -8.53, a PEG ratio of -1.28 and a beta of 2.01. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The business’s 50-day simple moving average is C$13.78 and its 200-day simple moving average is C$15.57.

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 analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The business had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. As a group, equities research analysts expect 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.