First Quantum Minerals (TSE:FM) Price Target Raised to C$47.00 at Jefferies Financial Group

First Quantum Minerals (TSE:FM) had its price objective increased by stock analysts at Jefferies Financial Group from C$38.00 to C$47.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 15.51% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price target for the stock from C$35.00 to C$33.00 in a report on Wednesday, November 26th. Barclays increased their target price on shares of First Quantum Minerals from C$38.00 to C$44.30 in a research note on Thursday. CIBC lifted their price target on shares of First Quantum Minerals from C$26.00 to C$36.00 in a research note on Friday, October 10th. Stifel Canada raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Morgan Stanley raised their target price on First Quantum Minerals from C$30.20 to C$33.50 in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.99.

First Quantum Minerals Trading Up 2.7%

FM stock traded up C$1.06 during midday trading on Monday, hitting C$40.69. The stock had a trading volume of 1,004,212 shares, compared to its average volume of 1,965,430. The firm has a market cap of C$33.94 billion, a P/E ratio of 678.17, a price-to-earnings-growth ratio of -1.28 and a beta of 1.37. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$41.02. The business has a fifty day moving average price of C$32.96 and a two-hundred day moving average price of C$28.61.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, October 28th. The company reported C($0.02) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The business had revenue of C$1.87 billion during the quarter. On average, sell-side 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 Charles Kevin Mcarthur purchased 10,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was acquired at an average price of C$29.06 per share, for a total transaction of C$290,600.00. Following the purchase, the director owned 35,000 shares of the company’s stock, valued at approximately C$1,017,100. This trade represents a 40.00% increase in their ownership of the stock. Over the last quarter, insiders have bought 10,474 shares of company stock valued at $304,575. 19.35% of the stock is currently owned by company insiders.

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.