Jefferies Financial Group set a C$19.00 price objective on First Quantum Minerals (TSE:FM) in a research note released on Thursday. Jefferies Financial Group also issued estimates for First Quantum Minerals’ FY2019 earnings at $1.38 EPS.
A number of other analysts have also commented on the company. Beacon Securities reiterated a buy rating and set a C$21.00 price target on shares of First Quantum Minerals in a report on Tuesday, February 5th. BMO Capital Markets dropped their price target on First Quantum Minerals from C$20.00 to C$19.00 in a report on Monday, February 4th. JPMorgan Chase & Co. lifted their price target on First Quantum Minerals from C$16.20 to C$16.70 in a report on Thursday, January 31st. Canaccord Genuity dropped their price target on First Quantum Minerals from C$18.50 to C$18.00 in a report on Monday, January 28th. Finally, CIBC upgraded First Quantum Minerals from a neutral rating to an outperform rating and set a C$16.00 target price on the stock in a research note on Monday, January 21st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$19.41.
Shares of First Quantum Minerals stock opened at C$13.72 on Thursday. The firm has a market cap of $9.46 billion and a P/E ratio of 75.80. First Quantum Minerals has a 12 month low of C$9.45 and a 12 month high of C$23.05. The company has a debt-to-equity ratio of 69.74, a quick ratio of 1.18 and a current ratio of 2.12.
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 in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine 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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