National Bankshares Boosts First Quantum Minerals (TSE:FM) Price Target to C$47.00

First Quantum Minerals (TSE:FM) had its target price lifted by equities researchers at National Bankshares from C$42.50 to C$47.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 22.11% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada lifted their target price on First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Scotiabank lifted their price objective on First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Thursday, January 8th. Raymond James Financial increased their target price on shares of First Quantum Minerals from C$25.00 to C$29.00 in a report on Friday, October 10th. Stifel Nicolaus raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and increased their target price for the stock from C$26.00 to C$38.00 in a report on Tuesday, October 21st. Finally, Barclays lifted their price target on shares of First Quantum Minerals from C$38.00 to C$44.30 in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$39.34.

First Quantum Minerals Stock Performance

FM opened at C$38.49 on Thursday. The company’s 50 day moving average is C$36.47 and its 200 day moving average is C$30.28. 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 company has a market cap of C$32.11 billion, a price-to-earnings ratio of 641.50, a PEG ratio of -1.28 and a beta of 1.37. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$45.17.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, October 28th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$1.87 billion during the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. On average, equities research analysts predict 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.