First Quantum Minerals (TSE:FM – Get a rating) had its price target raised by Eight Capital stock research analysts from C$40.00 to C$50.00 in a research report released Thursday, BayStreet.CA reports. Eight Capital’s price target would indicate a potential upside of 30.04% from the current share price.
Other analysts have also recently published research reports on the stock. JPMorgan Chase & Co. cut its price target on shares of First Quantum Minerals from C$36.00 to C$35.00 in a Thursday, February 17, report. Canaccord Genuity Group has downgraded shares of First Quantum Minerals to a “holding” rating and set a target price of C$44.00 for the stock. in a report on Monday. CIBC raised its price target on First Quantum Minerals shares from C$37.00 to C$40.00 and gave the company an “outperform” rating in a report released Thursday, January 20. Raymond James raised its price target on First Quantum Minerals shares from C$41.00 to C$50.00 and gave the company an “outperform” rating in a report released Wednesday. Finally, Barclays reduced shares of First Quantum Minerals from an “equal weight” rating to an “underperform” rating and set a target price of C$23.00 for the stock. in a report on Thursday, February 3. Two equity research analysts gave the stock a sell rating, eight issued a hold rating and nine gave the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$39.27.
FM stock traded C$2.66 midday Thursday to C$38.45. 1,952,705 shares of the company were traded, against an average volume of 1,923,793. The company has a debt ratio of 80.46, a quick ratio of 1.48 and a current ratio of 2.34. First Quantum Minerals has a 1-year low of C$20.67 and a 1-year high of C$45.38. The stock’s 50-day simple moving average is C$39.29 and its 200-day simple moving average is C$32.96. The company has a market cap of C$26.38 billion and a price-to-earnings ratio of 25.52.
First Quantum Minerals (TSE:FM – Get Rating) last released quarterly earnings data on Tuesday, February 15. The company reported earnings per share of CA$0.55 for the quarter, missing analyst consensus estimates of CA$0.65 by CA$0.10. The company posted revenue of C$2.60 billion for the quarter, versus a consensus estimate of C$2.54 billion. On average, research analysts expect First Quantum Minerals to post earnings per share of 3.15759 for the current year.
In other First Quantum Minerals news, Director Philip KR Pascall sold 81,582 shares of the company in a trade dated Thursday, March 3. The stock was sold at an average price of CA$36.72, for a total transaction of CA$2,995,691.04. Following the sale, the administrator now owns 5,872,725 shares of the company, valued at approximately C$215,646,462. Additionally, director G. Clive Newall sold 43,949 shares of the company in a trade dated Friday, March 18. The shares were sold at an average price of CA$42.00, for a total value of CA$1,845,805.26. Following completion of the transaction, the administrator now owns 2,193,461 shares of the company, valued at approximately C$92,122,729.85. Insiders sold 292,201 shares of the company valued at $11,371,329 in the past ninety days.
First Quantum Minerals Company Profile (Get a rating)
First Quantum Minerals Ltd., together with its subsidiaries, is engaged in the exploration, development and production of mineral properties. It mainly explores copper, nickel, pyrite, gold, silver 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.
Get news and reviews for First Quantum Minerals Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for First Quantum Minerals and related companies with MarketBeat.com’s free daily email newsletter.