Barclays Raises First Quantum Minerals (TSE:FM) Price Target to C$44.30

First Quantum Minerals (TSE:FM) had its price objective upped by investment analysts at Barclays from C$38.00 to C$44.30 in a research note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s price objective would indicate a potential upside of 17.63% from the company’s current price.

Several other analysts have also issued reports on the company. TD Securities increased their price objective on First Quantum Minerals from C$30.00 to C$35.00 in a report on Tuesday, October 21st. Morgan Stanley raised their price target on First Quantum Minerals from C$30.20 to C$33.50 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. upgraded First Quantum Minerals from a “neutral” rating to an “overweight” rating and lifted their price target for the company from C$20.00 to C$42.00 in a report on Friday, October 10th. National Bankshares increased their price objective on First Quantum Minerals from C$32.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$35.39.

First Quantum Minerals Stock Down 1.3%

Shares of TSE FM traded down C$0.49 during mid-day trading on Thursday, reaching C$37.66. The company had a trading volume of 1,035,427 shares, compared to its average volume of 1,853,476. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market capitalization of C$31.42 billion, a price-to-earnings ratio of 627.67, a PEG ratio of -1.28 and a beta of 1.37. The stock has a fifty day moving average of C$32.58 and a two-hundred day moving average of C$28.33. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$40.81.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) earnings per share for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The company had revenue of C$1.87 billion during the quarter. As a group, equities research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Activity

In other First Quantum Minerals news, Director Charles Kevin Mcarthur bought 10,000 shares of the stock in a transaction on Friday, October 31st. The shares were acquired at an average price of C$29.06 per share, with a total value of C$290,600.00. Following the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at C$1,017,100. The trade was a 40.00% increase in their position. Insiders have purchased a total of 10,474 shares of company stock valued at $304,575 over the last 90 days. Insiders own 19.35% of the company’s stock.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.