Barclays Has Lowered Expectations for First Quantum Minerals (TSE:FM) Stock Price

First Quantum Minerals (TSE:FM) had its price target reduced by equities researchers at Barclays from C$44.20 to C$42.90 in a note issued to investors on Tuesday,BayStreet.CA reports. Barclays‘s price objective indicates a potential upside of 19.60% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada upped their price target on First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. TD Securities upped their price target on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Morgan Stanley lifted their price objective on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research note on Tuesday, February 3rd. National Bank Financial upped their target price on First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Finally, Stifel Nicolaus raised their target price on First Quantum Minerals from C$38.00 to C$47.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$41.19.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock traded down C$0.35 on Tuesday, hitting C$35.87. 1,583,741 shares of the company’s stock were exchanged, compared to its average volume of 2,671,208. 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 50-day simple moving average of C$37.83 and a 200-day simple moving average of C$31.47. The stock has a market capitalization of C$29.71 billion, a PE ratio of -1,195.67, a PEG ratio of -1.28 and a beta of 1.35. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals (TSE:FM) last released 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 business had revenue of C$1.95 billion during the quarter. As a group, equities analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current year.

First Quantum Minerals Company Profile

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.