Stifel Nicolaus Issues Positive Forecast for First Quantum Minerals (TSE:FM) Stock Price

First Quantum Minerals (TSE:FM) had its price objective boosted by Stifel Nicolaus from C$38.00 to C$47.00 in a report released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on FM. Scotiabank boosted their price objective on First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Thursday, January 8th. Desjardins lifted their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Royal Bank Of Canada upped their price objective on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Barclays dropped their target price on shares of First Quantum Minerals from C$44.30 to C$44.20 in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and cut their target price for the stock from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$40.92.

First Quantum Minerals Stock Performance

FM opened at C$37.60 on Wednesday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a fifty day moving average price of C$37.63 and a 200 day moving average price of C$31.14. First Quantum Minerals has a 1 year low of C$14.41 and a 1 year high of C$45.17. The stock has a market cap of C$31.37 billion, a P/E ratio of 626.67, a P/E/G ratio of -1.28 and a beta of 1.35.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. Equities research analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current year.

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.