First Quantum Minerals (TSE:FM) Given New C$20.00 Price Target at TD Securities

First Quantum Minerals (TSE:FM) had its price objective boosted by TD Securities from C$19.00 to C$20.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts have also issued reports on the company. Royal Bank of Canada boosted their price target on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. CIBC boosted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Barclays cut their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price objective for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, First Quantum Minerals currently has a consensus rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Trading Up 5.0 %

TSE:FM opened at C$19.85 on Thursday. First Quantum Minerals has a 12-month low of C$10.91 and a 12-month high of C$21.45. The firm has a market capitalization of C$11.27 billion, a P/E ratio of -7.34, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The business has a 50 day simple moving average of C$19.12 and a 200 day simple moving average of C$18.01.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter last year, the company posted ($0.37) earnings per share. Equities research analysts predict that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Director Simon John Scott purchased 1,397 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average cost of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is owned by insiders.

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.