First Quantum Minerals (TSE:FM) Upgraded at Deutsche Bank Aktiengesellschaft

First Quantum Minerals (TSE:FMGet Rating) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a report released on Wednesday, TipRanks reports. The firm presently has a C$47.00 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 25.84% from the stock’s current price.

FM has been the subject of several other research reports. BMO Capital Markets raised their price target on shares of First Quantum Minerals from C$39.00 to C$41.00 in a research note on Monday, April 18th. Royal Bank of Canada set a C$39.00 target price on shares of First Quantum Minerals and gave the stock an “outperform” rating in a research note on Wednesday, February 16th. Eight Capital lifted their price target on shares of First Quantum Minerals from C$40.00 to C$50.00 and gave the company a “market perform” rating in a research note on Thursday, April 21st. Barclays lifted their price objective on shares of First Quantum Minerals from C$23.00 to C$27.00 and gave the company an “underperform” rating in a report on Thursday, April 21st. Finally, Canaccord Genuity Group upgraded shares of First Quantum Minerals to a “buy” rating and set a C$44.00 price objective for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$40.19.

Shares of TSE FM opened at C$37.35 on Wednesday. The firm has a market cap of C$25.63 billion and a PE ratio of 24.69. The company has a current ratio of 2.34, a quick ratio of 1.48 and a debt-to-equity ratio of 80.46. First Quantum Minerals has a 1-year low of C$20.67 and a 1-year high of C$45.38. The company has a fifty day moving average price of C$39.45 and a 200 day moving average price of C$33.45.

First Quantum Minerals (TSE:FMGet Rating) last issued its earnings results on Tuesday, February 15th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.65 by C($0.10). The firm had revenue of C$2.60 billion for the quarter, compared to the consensus estimate of C$2.54 billion. Equities research analysts forecast that First Quantum Minerals will post 3.2580843 EPS for the current year.

In related news, Director Philip K.R. Pascall sold 81,582 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of C$36.72, for a total value of C$2,995,691.04. Following the sale, the director now owns 5,872,725 shares in the company, valued at C$215,646,462. Also, Director G. Clive Newall sold 43,949 shares of the business’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of C$42.00, for a total transaction of C$1,845,805.26. Following the completion of the sale, the director now owns 2,193,461 shares in the company, valued at approximately C$92,122,729.85. In the last quarter, insiders have sold 292,201 shares of company stock worth $11,371,329.

First Quantum Minerals Company Profile (Get Rating)

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, gold, silver, 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.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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