First Quantum Minerals (TSE:FM) Price Target Raised to C$15.00 at CIBC

First Quantum Minerals (TSE:FM) had its target price raised by CIBC from C$14.00 to C$15.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

FM has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday. Morgan Stanley boosted their price target on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an overweight rating in a report on Thursday, March 28th. National Bankshares raised First Quantum Minerals from a sector perform rating to an outperform rating and boosted their price target for the stock from C$15.00 to C$16.50 in a report on Friday, March 1st. Bank of America upped their target price on First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. Finally, Scotiabank lowered their target price on First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating for the company in a report on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, First Quantum Minerals has a consensus rating of Hold and a consensus target price of C$16.02.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$14.78 on Wednesday. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13. The stock has a market capitalization of C$12.32 billion, a P/E ratio of -7.90, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The stock has a fifty day moving average of C$13.65 and a 200-day moving average of C$15.58.

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). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The business had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. On average, sell-side analysts expect that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

About First Quantum Minerals

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.