First Quantum Minerals (TSE:FM) Price Target Raised to C$42.00 at TD Securities

First Quantum Minerals (TSE:FM) had its price target upped by TD Securities from C$41.00 to C$42.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently commented on FM. Stifel Nicolaus boosted their price target on First Quantum Minerals from C$38.00 to C$47.00 and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Desjardins boosted their target price on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a report on Monday, January 26th. National Bank Financial upped their target price on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Finally, Barclays cut their target price on shares of First Quantum Minerals from C$44.30 to C$44.20 in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, First Quantum Minerals presently has an average rating of “Moderate Buy” and a consensus price target of C$41.28.

First Quantum Minerals Trading Down 2.7%

Shares of FM stock opened at C$36.59 on Thursday. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$45.17. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The firm has a market capitalization of C$30.30 billion, a PE ratio of -1,219.67, a PEG ratio of -1.28 and a beta of 1.35. The stock has a fifty day simple moving average of C$37.70 and a two-hundred day simple moving average of C$31.18.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. On average, analysts predict that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

First Quantum Minerals News Roundup

Here are the key news stories impacting First Quantum Minerals this week:

• Positive Sentiment: Scotiabank upgraded FM from “sector perform” to “outperform” and raised its price target to C$45, signaling stronger analyst conviction and suggesting meaningful upside potential. Read More.
• Positive Sentiment: Stifel Nicolaus raised its price target to C$47 and reiterated a “buy” view, representing another bullish analyst repositioning that could support demand in the stock. Read More.
• Positive Sentiment: Company progress on Cobre Panamá — including steps to balance stockpiles and new funding/liquidity measures — has improved the credit outlook and reduces a major operational/financing overhang. This is being cited as a reason investors and credit markets may reassess risk. Read More.
• Neutral Sentiment: TD Securities bumped its target to C$42 but kept a “hold” rating, indicating some upside in the target but less conviction than buy-side upgrades — a mixed signal for trading flows. Read More.
• Negative Sentiment: First Quantum reported weaker quarterly results (reported US$25M in earnings, down year-over-year) and commentary highlighted mixed Q4 results and margins; these near-term fundamentals help explain the downward price pressure. Read More. — and see analysis of valuation after the mixed quarter. Read More.

About First Quantum Minerals

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.