First Quantum Minerals (TSE:FM) Price Target Cut to C$19.50 by Analysts at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its price target dropped by equities researchers at Jefferies Financial Group from C$20.00 to C$19.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 20.07% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Raymond James upped their price objective on shares of First Quantum Minerals from C$16.00 to C$19.00 in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of 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. Citigroup dropped their price objective on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Bank of America upped 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. Finally, UBS Group set a C$16.00 price objective on shares of First Quantum Minerals and gave the company a “neutral” rating in a research note on Tuesday, January 16th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$16.96.

First Quantum Minerals Trading Up 1.9 %

Shares of First Quantum Minerals stock opened at C$16.24 on Wednesday. The company has a market cap of C$13.54 billion, a P/E ratio of -8.68, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The firm has a 50-day simple moving average of C$14.19 and a two-hundred day simple moving average of C$15.08. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations 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%. As a group, equities analysts predict that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

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.