First Quantum Minerals (TSE:FM) Price Target Raised to C$20.00 at CIBC

First Quantum Minerals (TSE:FM - Free Report) had its price target upped by CIBC from C$18.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

A number of other analysts have also commented on the company. Barclays reduced their target price on First Quantum Minerals from C$18.00 to C$17.00 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group lifted their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd. Scotiabank increased their price objective on shares of First Quantum Minerals from C$17.00 to C$18.50 and gave the company a "sector perform" rating in a research report on Tuesday, October 8th. National Bankshares decreased their target price on shares of First Quantum Minerals from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research note on Tuesday, October 15th. Finally, Morgan Stanley raised their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$20.69.

First Quantum Minerals Stock Up 1.3 %

Shares of TSE:FM traded up C$0.24 during midday trading on Wednesday, reaching C$18.61. The company's stock had a trading volume of 2,322,502 shares, compared to its average volume of 2,657,715. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$30.68. The firm has a market capitalization of C$15.52 billion, a P/E ratio of -7.25, a PEG ratio of -1.28 and a beta of 1.73. The firm has a 50 day moving average of C$16.99 and a 200-day moving average of C$17.08. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The business had revenue of C$1.68 billion during the quarter, compared to analysts' expectations of C$1.42 billion. On average, research analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Corporate insiders own 19.35% of the company's stock.

First Quantum Minerals Company Profile

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.