First Quantum Minerals (TSE:FM) PT Raised to C$18.00 at TD Securities

First Quantum Minerals (TSE:FM) had its price target boosted by analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential downside of 1.48% from the company’s current price.

FM has been the topic of a number of other research reports. Bank of America boosted their target price on First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Scotiabank decreased their price target on First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating for the company in a research note on Thursday, February 22nd. UBS Group set a C$16.00 price objective on First Quantum Minerals and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. National Bankshares raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$15.00 to C$16.50 in a research report on Friday, March 1st. Finally, Stifel Nicolaus set a C$14.00 price target on First Quantum Minerals and gave the company a “hold” rating in a report on Tuesday, March 26th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$16.96.

First Quantum Minerals Stock Up 12.5 %

Shares of First Quantum Minerals stock opened at C$18.27 on Thursday. The stock’s fifty day moving average is C$14.31 and its 200-day moving average is C$15.00. The firm has a market capitalization of C$15.23 billion, a PE ratio of -9.77, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The business 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 net margin of 14.78% and a negative return on equity of 10.80%. Equities analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share 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.