First Quantum Minerals (TSE:FM) Price Target Raised to C$37.00 at Jefferies Financial Group

First Quantum Minerals (TSE:FMGet Rating) had its target price raised by research analysts at Jefferies Financial Group from C$35.00 to C$37.00 in a research report issued on Wednesday, BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 19.35% from the company’s previous close.

FM has been the subject of a number of other reports. Scotiabank decreased their price target on First Quantum Minerals from C$39.00 to C$36.00 in a research report on Tuesday, January 17th. Morgan Joseph increased their price target on First Quantum Minerals from C$19.00 to C$22.00 in a research report on Thursday, December 8th. CIBC increased their price target on First Quantum Minerals from C$26.00 to C$28.00 in a research report on Monday, December 5th. TD Securities decreased their price target on First Quantum Minerals from C$32.00 to C$31.00 and set a “hold” rating for the company in a research report on Tuesday, January 17th. Finally, Raymond James decreased their target price on First Quantum Minerals from C$28.00 to C$26.00 and set a “market perform” rating for the company in a research report on Wednesday, January 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$31.14.

First Quantum Minerals Stock Up 1.2 %

Shares of FM stock traded up C$0.37 during trading hours on Wednesday, reaching C$31.00. The company had a trading volume of 468,927 shares, compared to its average volume of 2,098,371. First Quantum Minerals has a 12 month low of C$18.67 and a 12 month high of C$45.38. The company has a debt-to-equity ratio of 67.97, a current ratio of 2.43 and a quick ratio of 1.41. The business has a fifty day simple moving average of C$30.00 and a 200-day simple moving average of C$26.05. The company has a market cap of C$21.47 billion and a price-to-earnings ratio of 13.60.

First Quantum Minerals (TSE:FMGet Rating) last posted its earnings results on Tuesday, October 25th. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.09). The firm had revenue of C$2.25 billion during the quarter, compared to the consensus estimate of C$2.23 billion. On average, research analysts expect that First Quantum Minerals will post 1.49 earnings per share for the current fiscal year.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 30,965 shares of First Quantum Minerals stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$30.90, for a total transaction of C$956,818.50. Following the completion of the sale, the insider now owns 49,161 shares of the company’s stock, valued at C$1,519,074.90.

First Quantum Minerals Company Profile

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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, gold, silver, 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.

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