First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

First Quantum Minerals (TSE:FM) had its price objective increased by equities research analysts at Jefferies Financial Group from C$38.00 to C$47.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 15.51% from the stock’s previous close.

FM has been the topic of a number of other reports. Stifel Canada upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Barclays lifted their price target on First Quantum Minerals from C$38.00 to C$44.30 in a research report on Thursday. Royal Bank Of Canada boosted their price objective on First Quantum Minerals from C$35.00 to C$40.00 in a research note on Wednesday, December 10th. Finally, CIBC raised their target price on First Quantum Minerals from C$26.00 to C$36.00 in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$35.99.

First Quantum Minerals Stock Performance

TSE FM traded up C$1.06 during trading hours on Monday, reaching C$40.69. 1,004,212 shares of the company were exchanged, compared to its average volume of 1,965,430. The stock has a market capitalization of C$33.94 billion, a P/E ratio of 678.17, a P/E/G ratio of -1.28 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1 year low of C$14.41 and a 1 year high of C$41.02. The business’s 50 day simple moving average is C$32.96 and its 200-day simple moving average is C$28.61.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$1.87 billion for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. On average, equities research analysts expect that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Transactions at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur acquired 10,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of C$29.06 per share, for a total transaction of C$290,600.00. Following the acquisition, the director owned 35,000 shares of the company’s stock, valued at C$1,017,100. This trade represents a 40.00% increase in their ownership of the stock. Insiders bought a total of 10,474 shares of company stock worth $304,575 over the last three months. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.