First Quantum Minerals (TSE:FM) PT Lowered to C$21.50 at Canaccord Genuity Group

First Quantum Minerals (TSE:FM) had its target price reduced by Canaccord Genuity Group from C$22.00 to C$21.50 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and boosted their target price for the stock from C$17.00 to C$18.00 in a report on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a neutral rating in a report on Wednesday, April 17th. UBS Group set a C$16.00 target price on First Quantum Minerals and gave the stock a neutral rating in a report on Tuesday, January 16th. BMO Capital Markets decreased their price target on First Quantum Minerals from C$17.50 to C$17.00 and set an outperform rating for the company in a research note on Wednesday, April 24th. Finally, Eight Capital lifted their price objective on First Quantum Minerals from C$16.00 to C$17.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of C$16.96.

First Quantum Minerals Trading Up 12.5 %

FM opened at C$18.27 on Thursday. The company has a market cap of C$15.23 billion, a P/E ratio of -9.77, a PEG ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The company’s 50 day moving average is C$14.31 and its 200-day moving average is C$14.77. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$1.58 billion. Equities research analysts predict that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

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.