TD Securities Raises First Quantum Minerals (TSE:FM) Price Target to C$18.00

First Quantum Minerals (TSE:FM) had its price objective increased by research analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 1.48% from the stock’s current price.

FM has been the topic of several other research reports. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$17.00 to C$18.00 in a research note on Monday, March 4th. Raymond James upped their price target on shares of First Quantum Minerals from C$16.00 to C$19.00 in a research report on Tuesday. Eight Capital upped their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. BMO Capital Markets cut their price target on shares of First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, CIBC upped their price target on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$16.96.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$18.27 on Thursday. 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 twelve month low of C$9.31 and a twelve month high of C$39.13. The stock has a market cap of C$15.23 billion, a price-to-earnings ratio of -9.77, a P/E/G ratio of -1.28 and a beta of 2.01. The company’s fifty day moving average is C$14.31 and its 200 day moving average is C$15.00.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of C$1.58 billion. Sell-side analysts forecast 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.