First Quantum Minerals (TSE:FM) Given New C$31.00 Price Target at TD Securities

First Quantum Minerals (TSE:FMGet Rating) had its price target trimmed by TD Securities from C$32.00 to C$31.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on First Quantum Minerals from C$36.00 to C$37.00 in a research note on Tuesday, January 10th. JPMorgan Chase & Co. cut First Quantum Minerals from an overweight rating to a sell rating and cut their price objective for the company from C$30.00 to C$26.00 in a research note on Friday, November 11th. Morgan Stanley cut First Quantum Minerals to a sell rating and set a C$23.00 price objective on the stock. in a research note on Tuesday, October 18th. National Bankshares cut their price objective on First Quantum Minerals from C$30.00 to C$28.00 and set a sector perform rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets cut their price objective on First Quantum Minerals from C$24.00 to C$20.00 in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$31.14.

First Quantum Minerals Trading Up 0.9 %

TSE:FM opened at C$29.57 on Tuesday. The company has a debt-to-equity ratio of 67.97, a quick ratio of 1.41 and a current ratio of 2.43. First Quantum Minerals has a one year low of C$18.67 and a one year high of C$45.38. The business’s 50-day simple moving average is C$30.19 and its 200 day simple moving average is C$25.85. The stock has a market cap of C$20.48 billion and a price-to-earnings ratio of 12.97.

First Quantum Minerals (TSE:FMGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported C$0.18 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.09). The company had revenue of C$2.25 billion during the quarter, compared to analyst estimates of C$2.23 billion. As a group, sell-side analysts predict that First Quantum Minerals will post 1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Zenon Wozniak sold 30,965 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$30.90, for a total value of C$956,818.50. Following the sale, the insider now directly owns 49,161 shares of the company’s stock, valued at approximately C$1,519,074.90.

First Quantum Minerals Company Profile

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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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