First Quantum Minerals (TSE:FM) Given New C$42.90 Price Target at Barclays

First Quantum Minerals (TSE:FM) had its price target trimmed by Barclays from C$44.20 to C$42.90 in a research note issued to investors on Tuesday,BayStreet.CA reports.

FM has been the topic of a number of other reports. National Bank Financial increased their price target on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Jefferies Financial Group boosted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Canadian Imperial Bank of Commerce increased their target price on shares of First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. Desjardins lifted 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 research report on Monday, January 26th. Finally, Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research note on Tuesday, February 3rd. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.19.

First Quantum Minerals Trading Down 1.9%

TSE FM opened at C$35.53 on Tuesday. 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 stock’s 50-day simple moving average is C$37.89 and its two-hundred day simple moving average is C$31.56. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$45.17. The company has a market capitalization of C$29.43 billion, a price-to-earnings ratio of -1,184.33, a PEG ratio of -1.28 and a beta of 1.35.

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

First Quantum Minerals Company Profile

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.