First Quantum Minerals (OTCMKTS:FQVLF) Given New C$33.00 Price Target at Scotiabank

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) had its target price dropped by investment analysts at Scotiabank from C$35.00 to C$33.00 in a report released on Thursday, The Fly reports.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group upgraded First Quantum Minerals to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, April 28th. Barclays upgraded First Quantum Minerals from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, July 19th. Royal Bank of Canada cut their price target on First Quantum Minerals from C$43.00 to C$42.00 in a research note on Thursday, April 28th. Exane BNP Paribas upgraded First Quantum Minerals from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 13th. Finally, Stifel Nicolaus cut their price target on First Quantum Minerals from C$43.00 to C$39.00 in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

First Quantum Minerals Stock Up 7.8 %

Shares of OTCMKTS:FQVLF opened at $18.25 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. First Quantum Minerals has a fifty-two week low of $14.48 and a fifty-two week high of $37.76. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.94 and a beta of 2.13. The firm’s 50 day moving average price is $21.79 and its 200 day moving average price is $26.59.

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.27. The business had revenue of $2.16 billion for the quarter. First Quantum Minerals had a net margin of 17.07% and a return on equity of 11.45%. As a group, equities research analysts predict that First Quantum Minerals will post 1.86 earnings per share for the current fiscal year.

About First Quantum Minerals

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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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