First Quantum Minerals (TSE:FM) Price Target Lowered to C$44.20 at Barclays

First Quantum Minerals (TSE:FM) had its target price decreased by Barclays from C$44.30 to C$44.20 in a research note issued to investors on Monday,BayStreet.CA reports.

FM has been the topic of a number of other research reports. Scotiabank lifted their price target on shares of First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a report on Thursday, January 8th. Jefferies Financial Group lifted their target price on First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Raymond James Financial boosted their price target on First Quantum Minerals from C$25.00 to C$29.00 in a research report on Friday, October 10th. Citigroup raised their price objective on First Quantum Minerals from C$26.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, National Bankshares increased 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$39.34.

First Quantum Minerals Stock Up 1.8%

Shares of TSE FM opened at C$39.19 on Monday. The firm’s 50-day moving average is C$36.66 and its two-hundred day moving average is C$30.49. The company has a market capitalization of C$32.69 billion, a PE ratio of 653.17, a price-to-earnings-growth ratio of -1.28 and a beta of 1.37. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$45.17. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

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