First Quantum Minerals (OTCMKTS:FQVLF) PT Raised to C$27.00

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) had its target price boosted by equities researchers at Barclays from C$23.00 to C$27.00 in a research report issued on Thursday, The Fly reports.

A number of other brokerages also recently weighed in on FQVLF. Scotiabank raised their target price on shares of First Quantum Minerals from C$43.00 to C$50.00 in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of First Quantum Minerals from C$38.00 to C$40.00 in a research report on Thursday, March 10th. Morgan Stanley downgraded shares of First Quantum Minerals from an “overweight” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Thursday, March 24th. National Bank Financial raised their price target on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research report on Friday, April 8th. Finally, CIBC raised their price target on shares of First Quantum Minerals from C$37.00 to C$40.00 in a research report on Thursday, January 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.15.

Shares of OTCMKTS FQVLF opened at $32.81 on Thursday. First Quantum Minerals has a fifty-two week low of $16.19 and a fifty-two week high of $37.76. The company has a 50 day simple moving average of $31.08 and a two-hundred day simple moving average of $26.13. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 27.12 and a beta of 2.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.56 and a current ratio of 2.34.

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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