First Quantum Minerals (TSE:FM) Price Target Raised to C$20.00 at JPMorgan Chase & Co.

First Quantum Minerals (TSE:FM) had its price target hoisted by JPMorgan Chase & Co. from C$18.00 to C$20.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other research firms also recently weighed in on FM. Morgan Stanley increased their target price on shares of First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Canaccord Genuity Group raised their price objective on shares of First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Citigroup raised shares of First Quantum Minerals from a neutral rating to a buy rating and raised their price objective for the stock from C$14.00 to C$26.00 in a report on Thursday, June 20th. CIBC raised their price objective on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a neutral rating in a report on Thursday, June 20th. Finally, Cormark cut their price objective on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a buy rating for the company in a report on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals has a consensus rating of Hold and an average target price of C$20.41.

First Quantum Minerals Trading Down 0.8 %

Shares of FM stock opened at C$17.71 on Thursday. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$32.47. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company has a 50-day simple moving average of C$16.71 and a two-hundred day simple moving average of C$16.87. The company has a market capitalization of C$14.77 billion, a price-to-earnings ratio of -6.97, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. The business had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion. Research analysts anticipate that First Quantum Minerals will post 0.3652482 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. In other news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. Insiders own 19.35% of the company’s stock.

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.