First Quantum Minerals (TSE:FM) Price Target Raised to C$42.00

First Quantum Minerals (TSE:FM) had its price target lifted by TD Securities from C$41.00 to C$42.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price target for the company from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Canadian Imperial Bank of Commerce raised their target price on First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. Desjardins lifted their price target on First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a report on Monday, January 26th. National Bank Financial upped their price target on First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Finally, Jefferies Financial Group raised their price objective on First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.28.

First Quantum Minerals Trading Down 1.0%

TSE:FM opened at C$36.22 on Thursday. The stock has a fifty day simple moving average of C$37.76 and a 200 day simple moving average of C$31.32. The firm has a market capitalization of C$30.00 billion, a price-to-earnings ratio of -1,207.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.35. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$45.17. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The company had revenue of C$1.95 billion during the quarter. Sell-side analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current year.

About First Quantum Minerals

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.