First Quantum Minerals (TSE:FM) PT Raised to C$20.00

First Quantum Minerals (TSE:FM) had its target price increased by JPMorgan Chase & Co. from C$17.00 to C$20.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

A number of other brokerages also recently issued reports on FM. Bank of America increased their price target on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Eight Capital increased their target price on First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a report on Monday, April 22nd. Jefferies Financial Group decreased their target price on First Quantum Minerals from C$20.00 to C$19.50 and set a buy rating on the stock in a research report on Wednesday, April 24th. Morgan Stanley raised their target price on First Quantum Minerals from C$19.80 to C$20.30 in a research report on Friday, June 21st. Finally, CIBC raised their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a neutral rating in a research report on Thursday, June 20th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$19.27.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$18.98 on Wednesday. The company has a market capitalization of C$15.82 billion, a P/E ratio of -8.22, a P/E/G ratio of -1.28 and a beta of 1.96. The business’s 50 day moving average is C$17.92 and its two-hundred day moving average is C$14.90. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 52.05. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The business had revenue of C$1.40 billion for the quarter, compared to analysts’ expectations of C$1.25 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. Analysts expect that First Quantum Minerals will post 1.0067358 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Zenon Wozniak sold 49,250 shares of First Quantum Minerals stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total value of C$885,022.50. 16.10% of the stock is currently owned by company insiders.

About First Quantum Minerals

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.