TD Securities Issues Positive Forecast for First Quantum Minerals (TSE:FM) Stock Price

First Quantum Minerals (TSE:FM - Get Free Report) had its target price increased by TD Securities from C$19.00 to C$20.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD Securities' price target would indicate a potential upside of 2.25% from the stock's previous close.

A number of other brokerages have also recently issued reports on FM. Scotiabank dropped their price objective 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. CIBC upped their target price on shares of First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Jefferies Financial Group cut their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of "Hold" and an average price target of C$21.57.

First Quantum Minerals Stock Performance

TSE FM traded down C$0.29 during trading hours on Thursday, reaching C$19.56. 1,722,640 shares of the company were exchanged, compared to its average volume of 2,095,261. The stock has a market capitalization 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. 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 1 year low of C$10.91 and a 1 year high of C$21.45. The business's 50 day simple moving average is C$19.10 and its 200-day simple moving average is C$18.02.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted ($0.37) EPS. On average, equities research analysts expect that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Transactions at First Quantum Minerals

In other news, Director Simon John Scott purchased 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Insiders own 19.35% of the company's stock.

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.