First Quantum Minerals (TSE:FM) PT Raised to C$18.00

First Quantum Minerals (TSE:FM) had its target price upped by investment analysts at JPMorgan Chase & Co. from C$12.00 to C$18.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.87% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Stifel Nicolaus set a C$14.00 price target on shares of First Quantum Minerals and gave the company a “hold” rating in a report on Tuesday, March 26th. CIBC reduced their price target on shares of First Quantum Minerals from C$15.00 to C$14.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Canaccord Genuity Group lifted their price target on shares of First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday. UBS Group set a C$16.00 price target on shares of First Quantum Minerals and gave the company a “neutral” rating in a report on Tuesday, January 16th. Finally, Jefferies Financial Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Hold” and an average target price of C$16.02.

First Quantum Minerals Stock Up 8.9 %

Shares of FM stock opened at C$16.09 on Wednesday. The company has a market capitalization of C$13.41 billion, a price-to-earnings ratio of -8.60, a PEG ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$39.13. The company’s fifty day moving average price is C$13.70 and its 200-day moving average price is C$15.57. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. Sell-side analysts expect that First Quantum Minerals will post 0.7906736 EPS for the current fiscal year.

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.