First Quantum Minerals (TSE:FM) Price Target Raised to C$47.00

First Quantum Minerals (TSE:FM) had its target price lifted by Stifel Nicolaus from C$38.00 to C$47.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Scotiabank lifted their price objective on First Quantum Minerals from C$35.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 8th. Morgan Stanley raised their target price on shares of First Quantum Minerals from C$33.50 to C$36.70 in a report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce boosted their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. Barclays lowered their price objective on shares of First Quantum Minerals from C$44.30 to C$44.20 in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$35.00 to C$33.00 in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$41.28.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$36.22 on Wednesday. The company has a market cap of C$30.00 billion, a P/E ratio of -1,207.33, a P/E/G ratio of -1.28 and a beta of 1.35. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$45.17. 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 firm’s fifty day moving average is C$37.76 and its two-hundred day moving average is C$31.26.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share for the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%.The firm had revenue of C$1.95 billion during the quarter. As a group, analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current fiscal 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.