First Quantum Minerals (TSE:FM) PT Raised to C$17.00 at Eight Capital

First Quantum Minerals (TSE:FM) had its target price boosted by research analysts at Eight Capital from C$16.00 to C$17.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Eight Capital’s price objective would indicate a potential upside of 9.54% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. UBS Group set a C$16.00 price target on First Quantum Minerals and gave the company a “neutral” rating in a research report on Tuesday, January 16th. National Bank Financial raised First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research report on Thursday, February 29th. Bank of America raised their price target on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Jefferies Financial Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Finally, National Bankshares raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$15.00 to C$16.50 in a research report on Friday, March 1st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$16.26.

First Quantum Minerals Price Performance

TSE FM opened at C$15.52 on Monday. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13. The stock’s 50-day moving average is C$14.01 and its two-hundred day moving average is C$15.07. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The firm has a market cap of C$12.94 billion, a P/E ratio of -8.30, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. On average, analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

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.