First Quantum Minerals (TSE:FM) Given New C$16.00 Price Target at Barclays

First Quantum Minerals (TSE:FM) had its target price lifted by Barclays from C$13.00 to C$16.00 in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on FM. Jefferies Financial Group raised shares of First Quantum Minerals from a hold rating to a buy rating and increased their target price for the stock from C$13.00 to C$18.00 in a research note on Thursday, February 22nd. Raymond James increased their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 in a research note on Wednesday, March 20th. CIBC cut their target price on shares of First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on shares of First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. Finally, Canaccord Genuity Group increased their target price on shares of First Quantum Minerals from C$17.00 to C$21.00 and gave the stock a buy rating in a research note on Friday, March 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$16.08.

First Quantum Minerals Trading Up 4.1 %

Shares of TSE FM opened at C$15.47 on Tuesday. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The firm has a 50 day moving average price of C$13.59 and a two-hundred day moving average price of C$15.69. The stock has a market cap of C$12.89 billion, a P/E ratio of -8.27, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The firm had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. As a group, equities analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.