First Quantum Minerals (TSE:FM) PT Raised to C$25.00 at TD Securities

First Quantum Minerals (TSE:FM) had its price objective increased by TD Securities from C$24.00 to C$25.00 in a report issued on Monday, April 1st, Stock Target Advisor reports. They currently have an action list buy rating on the stock.

FM has been the topic of several other reports. BMO Capital Markets lowered their target price on First Quantum Minerals from C$18.00 to C$17.00 and set an outperform rating on the stock in a research note on Monday, April 1st. CIBC lifted their price target on First Quantum Minerals from C$16.00 to C$17.00 in a research note on Friday, February 22nd. JPMorgan Chase & Co. lifted their price target on First Quantum Minerals from C$16.20 to C$16.70 in a research note on Thursday, January 31st. Jefferies Financial Group set a C$19.00 price target on First Quantum Minerals in a research note on Thursday, February 7th. Finally, Beacon Securities reiterated a buy rating and set a C$21.00 target price on shares of First Quantum Minerals in a research report on Tuesday, February 5th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$19.14.

TSE FM traded up C$0.39 during trading hours on Monday, reaching C$15.04. The stock had a trading volume of 1,780,134 shares, compared to its average volume of 2,890,078. The company has a quick ratio of 1.16, a current ratio of 1.99 and a debt-to-equity ratio of 81.12. First Quantum Minerals has a 52-week low of C$9.45 and a 52-week high of C$23.05. The firm has a market cap of $10.71 billion and a P/E ratio of 23.50.

First Quantum Minerals (TSE:FM) last issued its earnings results on Thursday, February 14th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.36 by C($0.02). The business had revenue of C$1.39 billion during the quarter, compared to analyst estimates of C$1.29 billion. As a group, research analysts expect that First Quantum Minerals will post 1.30999989537885 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th will be given a dividend of $0.005 per share. This represents a dividend yield of 0.03%. The ex-dividend date of this dividend is Friday, April 12th. First Quantum Minerals’s payout ratio is 1.21%.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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