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

First Quantum Minerals (TSE:FM) had its target price lifted by CIBC from C$14.00 to C$15.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

FM has been the subject of a number of other reports. Canaccord Genuity Group upped their price target on First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday. Raymond James upped their price target on First Quantum Minerals from C$13.00 to C$16.00 in a report on Wednesday, March 20th. National Bankshares upgraded First Quantum Minerals from a sector perform rating to an outperform rating and upped their price target for the stock from C$15.00 to C$16.50 in a report on Friday, March 1st. Citigroup cut their price target on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a report on Wednesday, January 10th. Finally, UBS Group set a C$16.00 target price on First Quantum Minerals and gave the company a neutral rating in a research note on Tuesday, January 16th. Eleven equities 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, First Quantum Minerals has a consensus rating of Hold and an average price target of C$16.02.

First Quantum Minerals Stock Down 4.5 %

Shares of First Quantum Minerals stock opened at C$14.78 on Wednesday. The stock has a market capitalization of C$12.32 billion, a P/E ratio of -7.90, a PEG ratio of -1.28 and a beta of 2.01. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. The stock has a 50 day moving average price of C$13.65 and a two-hundred day moving average price 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 issued 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). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The business had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. Equities analysts expect that First Quantum Minerals will post 0.7906736 earnings per share 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.