First Quantum Minerals (TSE:FM) Price Target Raised to C$47.00 at Stifel Nicolaus

First Quantum Minerals (TSE:FM) had its price target hoisted by equities research analysts at Stifel Nicolaus from C$38.00 to C$47.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.87% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. TD Securities lifted their price objective on shares of First Quantum Minerals from C$34.00 to C$41.00 in a research note on Thursday, January 22nd. Desjardins boosted their price objective on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their target price for the company from C$35.00 to C$33.00 in a report on Wednesday, November 26th. Finally, Barclays decreased their price target on First Quantum Minerals from C$44.30 to C$44.20 in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and an average target price of C$40.92.

First Quantum Minerals Price Performance

Shares of FM stock traded down C$1.12 during trading on Wednesday, hitting C$37.64. The company had a trading volume of 2,272,635 shares, compared to its average volume of 2,580,944. The firm has a market capitalization of C$31.40 billion, a P/E ratio of 627.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.35. First Quantum Minerals has a one year low of C$14.41 and a one year high of C$45.17. 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 stock’s 50-day moving average price is C$37.54 and its 200 day moving average price is C$31.09.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$1.95 billion during the quarter. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. Equities analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.