First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, TD Securities Analyst Says

First Quantum Minerals (TSE:FM) had its price target lifted by stock analysts at TD Securities from C$19.00 to C$20.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 2.25% from the stock’s previous close.

FM has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Morgan Stanley boosted their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. National Bankshares lifted their target price on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Scotiabank lowered their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Stock Down 1.5 %

TSE:FM opened at C$19.56 on Thursday. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The firm has a market cap of C$11.10 billion, a P/E ratio of -7.23, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a fifty-two week low of C$10.91 and a fifty-two week high of C$21.45. The firm has a 50-day simple moving average of C$19.10 and a two-hundred day simple moving average of C$18.02.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter in the prior year, the company earned ($0.37) earnings per share. Analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Simon John Scott bought 1,397 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is currently owned by company insiders.

About First Quantum Minerals

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.