First Quantum Minerals (TSE:FM) PT Lowered to C$19.50

First Quantum Minerals (TSE:FM) had its price target cut by Jefferies Financial Group from C$20.00 to C$19.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on FM. BMO Capital Markets decreased their target price on shares of First Quantum Minerals from C$17.50 to C$17.00 and set an outperform rating for the company in a research note on Wednesday. Eight Capital upped their target price on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a research note on Monday. TD Securities upped their target price on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the company a hold rating in a research note on Monday, March 4th. Stifel Nicolaus set a C$14.00 price target on shares of First Quantum Minerals and gave the company a hold rating in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of First Quantum Minerals from C$12.00 to C$18.00 and gave the company a neutral rating in a report on Wednesday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$16.85.

First Quantum Minerals Price Performance

FM opened at C$15.94 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The company has a 50 day moving average of C$14.10 and a two-hundred day moving average of C$15.08. The company has a market cap of C$13.29 billion, a P/E ratio of -8.52, a P/E/G ratio of -1.28 and a beta of 2.01.

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