First Quantum Minerals (TSE:FM) Price Target Raised to C$22.00

First Quantum Minerals (TSE:FM) had its price objective hoisted by Canaccord Genuity Group from C$21.00 to C$22.00 in a research report released on Wednesday, BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus set a C$14.00 price target on First Quantum Minerals and gave the company a hold rating in a research report on Tuesday, March 26th. TD Securities lifted their price target on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a hold rating in a report on Monday, March 4th. Scotiabank dropped their price target on 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. BMO Capital Markets lifted their price target on First Quantum Minerals from C$7.50 to C$8.50 in a report on Wednesday. Finally, Citigroup dropped their price target on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of Hold and a consensus price target of C$16.02.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$15.96 on Wednesday. The stock has a 50 day moving average price of C$13.78 and a 200 day moving average price of C$15.57. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13. 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 capitalization of C$13.30 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. Analysts predict that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

About First Quantum Minerals

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.