First Quantum Minerals (TSE:FM) PT Raised to C$20.00 at CIBC

First Quantum Minerals (TSE:FM) had its price objective upped by CIBC from C$18.00 to C$20.00 in a report released on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. boosted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Thursday, October 10th. Morgan Stanley upped their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th. Barclays cut their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Cormark decreased their price target on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Royal Bank of Canada cut their price target on shares of First Quantum Minerals from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, First Quantum Minerals has an average rating of “Hold” and a consensus price target of C$20.83.

First Quantum Minerals Stock Performance

The business has a 50 day moving average of C$17.15 and a 200-day moving average of C$17.14. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$28.80. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The company has a market capitalization of C$15.77 billion, a PE ratio of -7.58, a P/E/G ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. The firm had revenue of C$1.68 billion for the quarter, compared to analyst estimates of C$1.42 billion. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. As a group, equities analysts predict that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Activity

In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by company insiders.

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.