Canaccord Genuity Group Raises First Quantum Minerals (TSE:FM) Price Target to C$22.00

First Quantum Minerals (TSE:FM) had its price target boosted by Canaccord Genuity Group from C$21.00 to C$22.00 in a report issued on Wednesday morning, BayStreet.CA reports.

FM has been the topic of several other research reports. National Bankshares raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and upped their price objective for the company from C$15.00 to C$16.50 in a research note on Friday, March 1st. CIBC lowered their price objective on First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets raised their price target on First Quantum Minerals from C$7.50 to C$8.50 in a research note on Wednesday. Raymond James lifted their price target on First Quantum Minerals from C$13.00 to C$16.00 in a report on Wednesday, March 20th. Finally, Scotiabank lowered their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating for the company in a report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of C$16.02.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$15.96 on Wednesday. The stock has a fifty day moving average price of C$13.78 and a 200 day moving average price of C$15.57. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The stock has a market cap of C$13.30 billion, a PE ratio of -8.53, a P/E/G ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share 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 analysts’ expectations of C$1.58 billion. Sell-side analysts forecast 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.