TD Securities Forecasts Strong Price Appreciation for First Quantum Minerals (TSE:FM) Stock

First Quantum Minerals (TSE:FM) had its price target increased by research analysts at TD Securities from C$41.00 to C$42.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 15.96% from the stock’s previous close.

A number of other analysts have also weighed in on FM. National Bank Financial upped their target price on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th. Scotiabank upgraded shares of First Quantum Minerals from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$44.00 to C$45.00 in a report on Thursday. Morgan Stanley increased their price objective on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research report on Tuesday, February 3rd. Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$35.00 to C$33.00 in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$41.28.

First Quantum Minerals Stock Down 1.0%

Shares of TSE FM opened at C$36.22 on Thursday. The stock has a market cap of C$30.00 billion, a P/E ratio of -1,207.33, a PEG 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. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$45.17. The business’s fifty day simple moving average is C$37.76 and its 200-day simple moving average is C$31.26.

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