First Quantum Minerals (TSE:FM) Price Target Raised to C$41.00 at TD Securities

First Quantum Minerals (TSE:FM) had its target price increased by TD Securities from C$34.00 to C$41.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Barclays lifted their price objective on First Quantum Minerals from C$38.00 to C$44.30 in a research note on Thursday, January 8th. Citigroup lifted their price target on shares of First Quantum Minerals from C$26.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. CIBC boosted their price target on shares of First Quantum Minerals from C$26.00 to C$36.00 in a report on Friday, October 10th. Stifel Nicolaus upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the company from C$26.00 to C$38.00 in a report on Tuesday, October 21st. Finally, Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$37.56.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$38.75 on Thursday. The firm has a 50 day moving average of C$35.01 and a two-hundred day moving average of C$29.57. The stock has a market capitalization of C$32.33 billion, a PE ratio of 645.83, a P/E/G ratio of -1.28 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$42.20.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The company had revenue of C$1.87 billion during the quarter. On average, research analysts predict that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Buying and Selling

In other First Quantum Minerals news, Director Charles Kevin Mcarthur acquired 10,000 shares of the company’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of C$29.06 per share, for a total transaction of C$290,600.00. Following the completion of the purchase, the director owned 35,000 shares in the company, valued at C$1,017,100. This trade represents a 40.00% increase in their position. Insiders have acquired 10,474 shares of company stock valued at $304,575 in the last quarter. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.