First Quantum Minerals (TSE:FM) Price Target Raised to C$15.00

First Quantum Minerals (TSE:FM) had its price objective hoisted by equities research analysts at CIBC from C$14.00 to C$15.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 1.49% from the company’s current price.

A number of other equities research analysts have also recently weighed in on FM. Canaccord Genuity Group upped their price objective on shares of First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday. Morgan Stanley boosted their target price on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a report on Thursday, March 28th. TD Securities raised their price target on First Quantum Minerals from C$14.50 to C$15.50 and gave the company a “hold” rating in a report on Monday, March 4th. Raymond James increased their price objective on shares of First Quantum Minerals from C$13.00 to C$16.00 in a research report on Wednesday, March 20th. Finally, Citigroup reduced their price objective on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$16.02.

First Quantum Minerals Trading Down 4.5 %

Shares of FM stock traded down C$0.69 on Wednesday, hitting C$14.78. 3,043,059 shares of the company’s stock traded hands, compared to its average volume of 3,031,430. The stock has a market capitalization of C$12.32 billion, a price-to-earnings ratio of -7.90, a P/E/G ratio of -1.28 and a beta of 2.01. The company’s fifty day simple moving average is C$13.65 and its 200 day simple moving average is C$15.58. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$39.13. 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 (TSE:FM) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Equities analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current year.

First Quantum Minerals Company Profile

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.