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

First Quantum Minerals (TSE:FM) had its price target lifted by TD Securities from C$17.00 to C$18.00 in a report released on Thursday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on the stock. Barclays raised 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. National Bankshares upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating and raised their target price for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. Citigroup cut their target price on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a research note on Wednesday, January 10th. Bank of America raised their target price on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Finally, National Bank Financial upgraded 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. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, First Quantum Minerals has a consensus rating of Hold and an average target price of C$16.96.

First Quantum Minerals Stock Performance

Shares of FM opened at C$18.27 on Thursday. The firm has a 50-day moving average of C$14.31 and a 200-day moving average of C$14.77. 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$15.23 billion, a PE ratio of -9.77, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced 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). The firm had revenue of C$1.66 billion during the quarter, compared to the consensus estimate 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%. As a group, equities analysts forecast that First Quantum Minerals will post 0.7906736 earnings per share 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.