First Quantum Minerals (TSE:FM) Price Target Raised to C$20.20

First Quantum Minerals (TSE:FM) had its price target hoisted by Morgan Stanley from C$19.40 to C$20.20 in a research report released on Thursday morning, BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Citigroup raised First Quantum Minerals from a neutral rating to a buy rating and boosted their target price for the stock from C$14.00 to C$26.00 in a report on Thursday, June 20th. JPMorgan Chase & Co. reduced their target price on First Quantum Minerals from C$20.00 to C$16.00 in a report on Friday, July 19th. Jefferies Financial Group boosted their target price on First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Canaccord Genuity Group boosted their target price on First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a hold rating to a buy rating and boosted their target price for the stock from C$19.00 to C$26.00 in a report on Wednesday, June 26th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals presently has an average rating of Hold and an average target price of C$20.12.

First Quantum Minerals Stock Down 0.6 %

TSE FM opened at C$17.84 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The stock’s 50 day moving average is C$16.47 and its two-hundred day moving average is C$16.53. The company has a market capitalization of C$14.88 billion, a price-to-earnings ratio of -6.97, a PEG ratio of -1.28 and a beta of 1.72. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$33.31.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. The company had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. Equities analysts forecast that First Quantum Minerals will post 0.4745943 earnings per share for the current fiscal year.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

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.