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

First Quantum Minerals (TSE:FM) had its target price lifted by equities researchers at CIBC from C$14.00 to C$15.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 1.49% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America boosted their price objective on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Scotiabank dropped their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 22nd. Finally, National Bankshares upgraded shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$15.00 to C$16.50 in a report on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$16.02.

First Quantum Minerals Trading Down 4.5 %

First Quantum Minerals stock traded down C$0.69 during mid-day trading on Wednesday, hitting C$14.78. The stock had a trading volume of 3,043,059 shares, compared to its average volume of 3,031,430. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The stock has a market capitalization of C$12.32 billion, a PE ratio of -7.90, a P/E/G ratio of -1.28 and a beta of 2.01. The stock has a 50-day simple moving average of C$13.65 and a two-hundred day simple moving average of C$15.58. 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 announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company 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 net margin of 14.78% and a negative return on equity of 10.80%. As a group, sell-side analysts forecast that First Quantum Minerals will post 0.7906736 EPS 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.