First Quantum Minerals (TSE:FM) Given New C$23.00 Price Target at Jefferies Financial Group

First Quantum Minerals (TSE:FMFree Report) had its target price lifted by Jefferies Financial Group from C$19.50 to C$23.00 in a report released on Monday morning, BayStreet.CA reports.

FM has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a hold rating to a buy rating and raised their target price for the company from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. CIBC raised their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a neutral rating in a research note on Thursday, June 20th. Citigroup upgraded First Quantum Minerals from a neutral rating to a buy rating and raised their target price for the company from C$14.00 to C$26.00 in a research note on Thursday, June 20th. Raymond James raised their target price on First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. Finally, Eight Capital raised their target price on First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a research note on Monday, April 22nd. Eleven 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 currently has a consensus rating of Hold and an average price target of C$19.46.

Get Our Latest Stock Analysis on FM

First Quantum Minerals Price Performance

Shares of FM stock opened at C$18.10 on Monday. The firm has a market cap of C$15.09 billion, a P/E ratio of -7.84, a P/E/G ratio of -1.28 and a beta of 1.96. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13. The business’s 50 day moving average price is C$17.93 and its 200-day moving average price is C$15.01. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68.

First Quantum Minerals (TSE:FMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The business had revenue of C$1.40 billion during the quarter, compared to the consensus estimate of C$1.25 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. On average, equities research analysts anticipate that First Quantum Minerals will post 1.0067358 earnings per share for the current year.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 49,250 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total value of C$885,022.50. Company insiders own 16.10% of the company’s stock.

First Quantum Minerals Company Profile

(Get Free Report)

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.

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