First Quantum Minerals (TSE:FM) Price Target Raised to C$36.70

First Quantum Minerals (TSE:FM) had its price target hoisted by Morgan Stanley from C$33.50 to C$36.70 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

FM has been the subject of several other research reports. Desjardins upped their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Jefferies Financial Group boosted their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Royal Bank Of Canada raised their price target on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research note on Wednesday, December 10th. TD Securities lifted their price target on First Quantum Minerals from C$34.00 to C$41.00 in a report on Thursday, January 22nd. Finally, Citigroup boosted their price objective on First Quantum Minerals from C$26.00 to C$39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$40.28.

First Quantum Minerals Trading Down 5.3%

Shares of TSE FM opened at C$35.58 on Tuesday. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$45.17. The company has a market cap of C$29.68 billion, a price-to-earnings ratio of 593.00, a price-to-earnings-growth ratio of -1.28 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock’s 50 day simple moving average is C$37.14 and its 200 day simple moving average is C$30.70.

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

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.