First Quantum Minerals Ltd. (FM.TO) (TSE:FM) had its price objective lifted by research analysts at Royal Bank of Canada from C$23.00 to C$31.00 in a research report issued on Tuesday, AR Network reports. Royal Bank of Canada’s price target points to a potential upside of 27.89% from the stock’s previous close.

Several other equities research analysts also recently commented on FM. CIBC reaffirmed an “outperform” rating and issued a C$24.00 target price on shares of First Quantum Minerals Ltd. (FM.TO) in a research note on Wednesday, December 16th. BMO Capital Markets upped their target price on shares of First Quantum Minerals Ltd. (FM.TO) from C$19.50 to C$23.00 in a research note on Thursday, December 17th. Citigroup upped their target price on shares of First Quantum Minerals Ltd. (FM.TO) from C$14.10 to C$17.00 in a research note on Tuesday, October 13th. Scotiabank upped their target price on shares of First Quantum Minerals Ltd. (FM.TO) from C$17.50 to C$19.50 in a research note on Thursday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of First Quantum Minerals Ltd. (FM.TO) from C$16.00 to C$16.50 in a research note on Friday, October 30th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$20.79.

FM opened at C$24.24 on Tuesday. The company has a debt-to-equity ratio of 96.04, a current ratio of 1.03 and a quick ratio of 0.50. The company has a market cap of C$16.71 billion and a price-to-earnings ratio of -54.84. The firm has a 50 day simple moving average of C$21.88 and a 200 day simple moving average of C$15.27. First Quantum Minerals Ltd. has a fifty-two week low of C$0.02 and a fifty-two week high of C$26.72.

First Quantum Minerals Ltd. (FM.TO) (TSE:FM) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.06) by C$0.17. The business had revenue of C$1.87 billion for the quarter, compared to the consensus estimate of C$1.65 billion. As a group, analysts expect that First Quantum Minerals Ltd. will post 0.89 EPS for the current year.

In related news, Senior Officer Zenon Wozniak sold 15,002 shares of the stock in a transaction on Monday, December 21st. The shares were sold at an average price of C$21.19, for a total transaction of C$317,856.38. Following the completion of the transaction, the insider now owns 21,287 shares in the company, valued at C$451,020.44. Also, Senior Officer Hannes Meyer sold 25,602 shares of the stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of C$19.89, for a total transaction of C$509,223.78. Following the transaction, the insider now owns 82,997 shares of the company’s stock, valued at approximately C$1,650,810.33. Insiders sold 74,104 shares of company stock valued at $1,362,075 in the last quarter.

About First Quantum Minerals Ltd. (FM.TO)

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates mines, including the Ravensthorpe nickel and cobalt mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Ãayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper, pyrite, zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals Ltd. (FM.TO) (TSE:FM)

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