First Quantum Minerals (TSE:FM) Price Target Increased to C$17.00 by Analysts at Bank of America

First Quantum Minerals (TSE:FM) had its price target boosted by Bank of America from C$16.00 to C$17.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on FM. TD Securities increased their target price on First Quantum Minerals from C$14.50 to C$15.50 and gave the company a hold rating in a research note on Monday, March 4th. UBS Group set a C$16.00 target price on First Quantum Minerals and gave the company a neutral rating in a research note on Tuesday, January 16th. BMO Capital Markets increased their target price on First Quantum Minerals from C$17.00 to C$17.50 and gave the company an outperform rating in a research note on Monday, March 4th. CIBC lowered their target price on First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating for the company in a research note on Wednesday, February 21st. Finally, Jefferies Financial Group raised First Quantum Minerals from a hold rating to a buy rating and increased their price target for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of C$15.91.

First Quantum Minerals Stock Performance

TSE FM opened at C$16.15 on Tuesday. The business’s 50-day moving average price is C$13.34 and its 200 day moving average price is C$16.13. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The company has a market capitalization of C$13.46 billion, a PE ratio of -8.64, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates 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%. On average, research analysts predict that First Quantum Minerals will post 0.7906736 earnings per share 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.