Scotiabank Increases First Quantum Minerals (OTCMKTS:FQVLF) Price Target to C$38.00

First Quantum Minerals (OTCMKTS:FQVLF – Get Rating) had its price objective boosted by Scotiabank from C$33.00 to C$38.00 in a research note released on Tuesday morning, The Fly reports.

FQVLF has been the subject of a number of other research reports. Morgan Stanley upped their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of First Quantum Minerals from C$33.00 to C$35.00 in a research report on Wednesday, March 1st. Citigroup upgraded First Quantum Minerals from a sell rating to a neutral rating in a research report on Wednesday, January 11th. National Bank Financial boosted their target price on First Quantum Minerals from C$28.00 to C$29.00 in a report on Monday, February 13th. Finally, Raymond James raised First Quantum Minerals from a market perform rating to an outperform rating in a research report on Thursday, March 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, First Quantum Minerals currently has an average rating of Hold and an average target price of $31.00.

First Quantum Minerals Stock Performance

Shares of OTCMKTS FQVLF opened at $19.74 on Tuesday. The firm has a fifty day moving average price of $21.46 and a 200-day moving average price of $20.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.40 and a quick ratio of 1.56. The stock has a market cap of $13.67 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97. First Quantum Minerals has a 1 year low of $14.48 and a 1 year high of $37.76.

First Quantum Minerals (OTCMKTS:FQVLF – Get Rating) last posted its earnings results on Tuesday, February 14th. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. First Quantum Minerals had a net margin of 13.56% and a return on equity of 8.72%. The company had revenue of $1.83 billion during the quarter. Equities analysts anticipate that First Quantum Minerals will post 0.81 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

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First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Cobre Panama, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other.