First Quantum Minerals (TSE:FM) Posts Quarterly Earnings Results

First Quantum Minerals (TSE:FM) posted its quarterly earnings data on Tuesday. The company reported C$0.01 earnings per share for the quarter, FiscalAI reports. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%.The company had revenue of C$1.95 billion during the quarter.

First Quantum Minerals Stock Performance

Shares of FM opened at C$37.60 on Thursday. The business has a 50-day simple moving average of C$37.63 and a two-hundred day simple moving average of C$31.14. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$45.17. The stock has a market cap of C$31.37 billion, a price-to-earnings ratio of 626.67, a PEG ratio of -1.28 and a beta of 1.35.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday, January 8th. Stifel Nicolaus raised their price target on shares of First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of First Quantum Minerals from C$33.50 to C$36.70 in a report on Tuesday, February 3rd. National Bank Financial increased their target price on First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th. Finally, TD Securities boosted their target price on First Quantum Minerals from C$34.00 to C$41.00 in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$40.92.

About First Quantum Minerals

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.