First Quantum Minerals (OTCMKTS:FQVLF) PT Raised to C$50.00

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) had its price target increased by Scotiabank from C$43.00 to C$50.00 in a research report issued to clients and investors on Wednesday, The Fly reports.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$36.00 to C$43.00 in a report on Thursday, March 17th. Raymond James increased their price objective on shares of First Quantum Minerals from C$35.00 to C$39.00 in a report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of First Quantum Minerals from C$38.00 to C$40.00 in a report on Thursday, March 10th. Jefferies Financial Group increased their price objective on shares of First Quantum Minerals from C$50.00 to C$53.00 in a report on Wednesday, March 9th. Finally, Barclays downgraded shares of First Quantum Minerals from an “equal weight” rating to an “underweight” rating in a research note on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, First Quantum Minerals presently has an average rating of “Buy” and a consensus price target of $40.28.

Shares of OTCMKTS FQVLF opened at $32.32 on Wednesday. The company’s 50 day simple moving average is $30.65 and its 200 day simple moving average is $25.72. First Quantum Minerals has a fifty-two week low of $16.19 and a fifty-two week high of $37.76. The firm has a market capitalization of $22.34 billion, a P/E ratio of 26.71 and a beta of 2.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.56.

About First Quantum Minerals (Get Rating)

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company holds 100% interests in the Ravensthorpe nickel and cobalt mine in Australia; the Sentinel copper project in North Western Province of Zambia; the Las Cruces copper mine in Spain; the Guelb Moghrein copper-gold mine in Mauritania; the Pyhäsalmi copper, pyrite, zinc mine in Finland; and the Ãayeli copper-zinc mine in Turkey.

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