Barclays Boosts First Quantum Minerals (TSE:FM) Price Target to C$16.00

First Quantum Minerals (TSE:FM) had its price objective increased by Barclays from C$13.00 to C$16.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently issued reports on FM. CIBC dropped their target price on shares of First Quantum Minerals from C$15.00 to C$14.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Citigroup reduced their price target on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a research report on Wednesday, January 10th. Morgan Stanley lifted their target price on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a report on Thursday, March 28th. Canaccord Genuity Group lifted their target price on shares of First Quantum Minerals from C$17.00 to C$21.00 and gave the company a buy rating in a report on Friday, March 1st. Finally, National Bankshares raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and lifted their price target for the company from C$15.00 to C$16.50 in a research note on Friday, March 1st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of C$16.08.

First Quantum Minerals Trading Up 4.1 %

Shares of FM opened at C$15.47 on Tuesday. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The company has a market cap of C$12.89 billion, a P/E ratio of -8.27, a P/E/G ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The company’s fifty day simple moving average is C$13.59 and its 200-day simple moving average is C$15.69.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. As a group, analysts expect that First Quantum Minerals will post 0.7906736 EPS for the current year.

First Quantum Minerals Company Profile

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, silver, gold, 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.