First Quantum Minerals (TSE:FM) Price Target Raised to C$44.60 at Barclays

First Quantum Minerals (TSE:FM) had its price target lifted by Barclays from C$42.90 to C$44.60 in a research report sent to investors on Monday,BayStreet.CA reports.

A number of other research firms have also issued reports on FM. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price target for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. Desjardins raised their price objective on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. 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. TD Securities boosted their target price on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Finally, Scotiabank upgraded First Quantum Minerals from a “hold” rating to an “outperform” rating and increased their target price for the company from C$44.00 to C$45.00 in a report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$41.35.

First Quantum Minerals Trading Down 0.9%

TSE:FM opened at C$39.34 on Monday. The stock has a fifty day simple moving average of C$35.61 and a 200 day simple moving average of C$34.67. The firm has a market capitalization of C$32.58 billion, a price-to-earnings ratio of -1,311.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.50. First Quantum Minerals has a 1-year low of C$15.59 and a 1-year high of C$45.17. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of 52.92.

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. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%.The firm had revenue of C$1.95 billion for the quarter. Sell-side analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current 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.