First Quantum Minerals (TSE:FM) Given New C$19.80 Price Target at Morgan Stanley

First Quantum Minerals (TSE:FM) had its price target upped by Morgan Stanley from C$18.90 to C$19.80 in a research note published on Wednesday, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Raymond James increased their price target on First Quantum Minerals from C$16.00 to C$19.00 in a report on Tuesday, April 23rd. Citigroup cut their target price on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and lifted their price target for the company from C$17.00 to C$18.00 in a research note on Monday, March 4th. National Bankshares raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and increased their price objective for the stock from C$15.00 to C$16.50 in a research report on Friday, March 1st. Finally, Jefferies Financial Group decreased their target price on First Quantum Minerals from C$20.00 to C$19.50 and set a buy rating for the company in a research report on Wednesday, April 24th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$17.02.

First Quantum Minerals Stock Down 0.7 %

First Quantum Minerals stock opened at C$18.36 on Wednesday. The firm has a 50 day moving average price of C$15.21 and a two-hundred day moving average price of C$14.15. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The firm has a market cap of C$15.30 billion, a price-to-earnings ratio of -7.88, a PEG ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.97% and a negative net margin of 20.02%. Equities analysts predict that First Quantum Minerals will post 0.9626943 EPS for the current 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.