First Quantum Minerals (TSE:FM) Price Target Raised to C$47.00 at National Bankshares

First Quantum Minerals (TSE:FM) had its target price upped by National Bankshares from C$42.50 to C$47.00 in a report released on Thursday morning,BayStreet.CA reports.

FM has been the topic of a number of other research reports. Scotiabank raised their price objective on First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Thursday, January 8th. Royal Bank Of Canada increased their price target on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Stifel Nicolaus upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$26.00 to C$38.00 in a research note on Tuesday, October 21st. Finally, Morgan Stanley increased their target price on shares of First Quantum Minerals from C$30.20 to C$33.50 in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, First Quantum Minerals has an average rating of “Moderate Buy” and an average target price of C$39.34.

First Quantum Minerals Stock Performance

Shares of TSE:FM opened at C$41.72 on Thursday. The firm has a 50 day moving average of C$36.27 and a 200 day moving average of C$30.18. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The company has a market capitalization of C$34.80 billion, a price-to-earnings ratio of 695.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.37. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$45.17.

First Quantum Minerals (TSE:FM) last announced its earnings results 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 for the quarter. On average, sell-side analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

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.