First Quantum Minerals (TSE:FM) Price Target Raised to C$44.60

First Quantum Minerals (TSE:FM) had its target price lifted by Barclays from C$42.90 to C$44.60 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Morgan Stanley cut their price target on First Quantum Minerals from C$40.00 to C$37.70 in a research note on Thursday, April 9th. TD Securities increased their price target on First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. downgraded First Quantum Minerals from an “overweight” rating to an “underperform” rating and cut their price target for the stock from C$48.00 to C$28.00 in a research note on Monday, March 9th. Canadian Imperial Bank of Commerce increased their price target on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. Finally, Desjardins increased their price target on First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$41.77.

First Quantum Minerals Trading Up 3.9%

Shares of First Quantum Minerals stock opened at C$38.28 on Monday. First Quantum Minerals has a 1 year low of C$17.18 and a 1 year high of C$45.17. The firm has a market cap of C$31.70 billion, a PE ratio of -1,276.00, a P/E/G ratio of -1.28 and a beta of 1.50. The stock has a fifty day moving average price of C$35.58 and a 200-day moving average price of C$34.73. The company has a debt-to-equity ratio of 52.92, a current ratio of 1.42 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%.The firm had revenue of C$1.95 billion during the quarter. Equities research analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current year.

First Quantum Minerals Company Profile

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.