First Quantum Minerals (TSE:FM) PT Lowered to C$21.50 at Canaccord Genuity Group

First Quantum Minerals (TSE:FM - Get Free Report) had its target price reduced by Canaccord Genuity Group from C$22.00 to C$21.50 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 32.39% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. Bank of America increased their price objective on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Royal Bank of Canada upgraded shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$17.00 to C$18.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. TD Securities raised their target price on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a "hold" rating in a research report on Monday, March 4th. Finally, UBS Group set a C$16.00 price target on First Quantum Minerals and gave the company a "neutral" rating in a research note on Tuesday, January 16th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals has an average rating of "Hold" and a consensus price target of C$16.96.

First Quantum Minerals Stock Performance

Shares of TSE:FM traded up C$0.30 on Thursday, hitting C$16.24. 4,332,083 shares of the company were exchanged, compared to its average volume of 3,046,682. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$39.13. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a market capitalization of C$13.54 billion, a price-to-earnings ratio of -8.71, a PEG ratio of -1.28 and a beta of 2.01. The company's 50 day moving average price is C$14.10 and its two-hundred day moving average price is C$15.08.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share 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 analyst estimates 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 expect that First Quantum Minerals will post 0.7906736 earnings per share 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.