Barclays Lowers First Quantum Minerals (TSE:FM) Price Target to C$44.20

First Quantum Minerals (TSE:FM) had its price objective decreased by investment analysts at Barclays from C$44.30 to C$44.20 in a research note issued to investors on Monday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 13.92% from the stock’s previous close.

Other analysts have also issued research reports about the company. Scotiabank increased their target price on First Quantum Minerals from C$35.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised First Quantum Minerals from a “neutral” rating to an “overweight” rating and increased their price target for the stock from C$20.00 to C$42.00 in a research report on Friday, October 10th. National Bankshares lifted their price objective on First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday. Morgan Stanley increased their target price on shares of First Quantum Minerals from C$30.20 to C$33.50 in a report on Tuesday, December 16th. Finally, Citigroup raised their target price on shares of First Quantum Minerals from C$26.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$39.34.

First Quantum Minerals Trading Up 0.8%

Shares of TSE:FM traded up C$0.31 during trading on Monday, hitting C$38.80. The company had a trading volume of 1,723,848 shares, compared to its average volume of 2,444,217. The stock has a market cap of C$32.37 billion, a price-to-earnings ratio of 646.67, a price-to-earnings-growth ratio of -1.28 and a beta of 1.37. The company has a fifty day simple moving average of C$36.47 and a two-hundred day simple moving average of C$30.38. First Quantum Minerals has a one year low of C$14.41 and a one year high of C$45.17. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, October 28th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$1.87 billion during the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. As a group, equities analysts forecast 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.