First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, Morgan Stanley Analyst Says

First Quantum Minerals (TSE:FM) had its target price boosted by Morgan Stanley from C$33.50 to C$36.70 in a research report issued on Tuesday,BayStreet.CA reports. Morgan Stanley’s price objective would indicate a potential downside of 2.32% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial upped their target price on shares of First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th. Desjardins upped their price objective on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Barclays reduced their target price on shares of First Quantum Minerals from C$44.30 to C$44.20 in a research note on Monday. National Bankshares boosted their price target on First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th. Finally, TD Securities raised their price objective on First Quantum Minerals from C$34.00 to C$41.00 in a research report on Thursday, January 22nd. Two 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.28.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$37.57 on Tuesday. The company has a market cap of C$31.34 billion, a price-to-earnings ratio of 626.17, a PEG ratio of -1.28 and a beta of 1.35. The business has a 50 day moving average price of C$37.04 and a 200 day moving average price of C$30.66. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$45.17.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results 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 business had revenue of C$1.87 billion during the quarter. Research analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current year.

First Quantum Minerals Company Profile

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.