National Bank Financial Boosts First Quantum Minerals (TSE:FM) Price Target to C$12.00

First Quantum Minerals (TSE:FM) had its target price hoisted by equities researchers at National Bank Financial from C$10.50 to C$12.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 9.79% from the company’s current price.

FM has been the subject of several other reports. Citigroup cut their price objective on shares of First Quantum Minerals from C$13.00 to C$11.00 in a report on Thursday, August 8th. Barclays raised their price objective on shares of First Quantum Minerals from C$14.00 to C$17.00 in a report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on shares of First Quantum Minerals from C$17.00 to C$18.00 in a report on Thursday, June 27th. Jefferies Financial Group cut their price objective on shares of First Quantum Minerals from C$14.50 to C$14.00 in a report on Tuesday, August 6th. Finally, Macquarie reaffirmed a “neutral” rating and issued a C$11.20 price objective on shares of First Quantum Minerals in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$13.93.

FM opened at C$10.93 on Monday. The company has a 50 day moving average of C$10.28 and a 200 day moving average of C$11.44. The company has a market cap of $7.61 billion and a PE ratio of 19.08. First Quantum Minerals has a 12 month low of C$7.84 and a 12 month high of C$16.63. The company has a current ratio of 1.71, a quick ratio of 0.99 and a debt-to-equity ratio of 90.68.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.07. The business had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.34 billion. Research analysts forecast that First Quantum Minerals will post 0.6100001 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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