First Quantum Minerals (TSE:FM) Price Target Raised to C$20.20

First Quantum Minerals (TSE:FM) had its price target upped by Morgan Stanley from C$19.40 to C$20.20 in a report issued on Thursday, BayStreet.CA reports.

FM has been the topic of a number of other reports. CIBC lifted their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the company a neutral rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. reduced their target price on shares of First Quantum Minerals from C$20.00 to C$16.00 in a research report on Friday, July 19th. Scotiabank decreased their target price on shares of First Quantum Minerals from C$18.50 to C$17.00 in a research note on Monday, August 19th. Raymond James lifted their price target on shares of First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus lifted their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$20.12.

First Quantum Minerals Stock Down 0.6 %

FM stock opened at C$17.84 on Thursday. The company has a 50 day moving average price of C$16.47 and a two-hundred day moving average price of C$16.51. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The stock has a market capitalization of C$14.88 billion, a P/E ratio of -7.00, a PEG ratio of -1.28 and a beta of 1.72. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$33.31.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.02. The firm had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. As a group, sell-side analysts expect that First Quantum Minerals will post 1.0143443 EPS for the current year.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Insiders own 19.35% of the company’s stock.

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.