First Quantum Minerals (TSE:FM) Price Target Raised to C$19.00

First Quantum Minerals (TSE:FM - Free Report) had its price objective boosted by Raymond James from C$16.00 to C$19.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for First Quantum Minerals' Q1 2024 earnings at ($0.10) EPS, Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.15) EPS.

Several other brokerages have also recently issued reports on FM. Citigroup dropped 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 report on Wednesday, January 10th. Eight Capital lifted their price objective on First Quantum Minerals from C$16.00 to C$17.00 and gave the stock a neutral rating in a report on Monday. CIBC upped their price objective on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Barclays raised their target price on First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an equal weight rating in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group raised shares of First Quantum Minerals from a hold rating to a buy rating and upped their price target for the company from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of Hold and an average price target of C$16.26.

First Quantum Minerals Stock Down 2.6 %

Shares of FM stock traded down C$0.41 during mid-day trading on Tuesday, hitting C$15.52. The company's stock had a trading volume of 2,219,040 shares, compared to its average volume of 3,040,370. The stock has a market cap of C$12.94 billion, a price-to-earnings ratio of -8.30, a PEG ratio of -1.28 and a beta of 2.01. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The business has a 50-day moving average price of C$13.94 and a 200 day moving average price of C$15.17.

First Quantum Minerals (TSE:FM - Get Free Report) last issued 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 business had revenue of C$1.66 billion during the quarter, compared to analysts' expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Research analysts predict 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.