First Quantum Minerals (TSE:FM) Given New C$46.00 Price Target at CIBC

First Quantum Minerals (TSE:FM) had its target price upped by CIBC from C$36.00 to C$46.00 in a report issued on Wednesday morning,BayStreet.CA reports.

A number of other research firms also recently commented on FM. Desjardins raised their target price on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. TD Securities boosted their price objective on shares of First Quantum Minerals from C$34.00 to C$41.00 in a research note on Thursday, January 22nd. Raymond James Financial upped their target price on First Quantum Minerals from C$25.00 to C$29.00 in a report on Friday, October 10th. National Bankshares lifted their price target on First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. Finally, Jefferies Financial Group upped their price objective on First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Two equities 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, First Quantum Minerals presently has an average rating of “Moderate Buy” and a consensus price target of C$40.28.

First Quantum Minerals Trading Down 7.4%

FM opened at C$37.57 on Wednesday. The stock’s fifty day moving average is C$37.04 and its two-hundred day moving average is C$30.66. The company has a market capitalization of C$31.34 billion, a P/E ratio of 626.17, a PEG ratio of -1.28 and a beta of 1.35. 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 quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

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