First Quantum Minerals (TSE:FM) Price Target Raised to C$44.30

First Quantum Minerals (TSE:FM) had its target price boosted by Barclays from C$38.00 to C$44.30 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of First Quantum Minerals from C$30.20 to C$33.50 in a report on Tuesday, December 16th. Stifel Nicolaus upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the company from C$26.00 to C$38.00 in a research report on Tuesday, October 21st. Jefferies Financial Group lifted their target price on First Quantum Minerals from C$33.00 to C$38.00 in a report on Monday, October 6th. National Bankshares boosted their target price on First Quantum Minerals from C$32.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on First Quantum Minerals from C$25.00 to C$29.00 in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$35.39.

First Quantum Minerals Stock Up 4.4%

TSE FM opened at C$39.63 on Thursday. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$40.81. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$33.06 billion, a PE ratio of 660.50, a P/E/G ratio of -1.28 and a beta of 1.37. The stock’s 50 day moving average is C$32.96 and its 200 day moving average is C$28.57.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) earnings per share (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 company had revenue of C$1.87 billion for the quarter. Research analysts predict that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles Kevin Mcarthur acquired 10,000 shares of First Quantum Minerals stock in a transaction on Friday, October 31st. The shares were bought at an average cost of C$29.06 per share, with a total value of C$290,600.00. Following the completion of the purchase, the director directly owned 35,000 shares of the company’s stock, valued at C$1,017,100. The trade was a 40.00% increase in their position. Insiders purchased 10,474 shares of company stock worth $304,575 over the last quarter. Insiders own 19.35% of the company’s stock.

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.