Barclays Cuts First Quantum Minerals (TSE:FM) Price Target to C$42.90

First Quantum Minerals (TSE:FM) had its price target decreased by Barclays from C$44.20 to C$42.90 in a research note released on Tuesday,BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus increased their target price on First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada upped their price objective on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Desjardins lifted their target price on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Scotiabank raised shares of First Quantum Minerals from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$44.00 to C$45.00 in a research note on Thursday, February 12th. Finally, Morgan Stanley upped their price target on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$41.19.

First Quantum Minerals Trading Up 0.2%

FM stock opened at C$36.41 on Tuesday. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$45.17. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The firm has a market cap of C$30.15 billion, a P/E ratio of -1,213.67, a PEG ratio of -1.28 and a beta of 1.35. The company’s 50-day simple moving average is C$38.01 and its 200-day simple moving average is C$31.63.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$1.95 billion during the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. As a group, equities analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.