First Quantum Minerals (OTCMKTS:FQVLF – Get a rating) saw its target price lowered by Scotiabank equity research analysts from C$50.00 to C$35.00 in a report on Thursday, Fly reports.

FQVLF has been the subject of several other reports. BMO Capital Markets began covering shares of First Quantum Minerals in a Tuesday, March 29 report. They issued a “hold” rating and a price target of $37.00 for the company. Stifel Nicolaus raised his price target on shares of First Quantum Minerals from C$36.00 to C$43.00 in a Thursday, March 17 report. Deutsche Bank Aktiengesellschaft raised its price target on shares of First Quantum Minerals from C$38.00 to C$40.00 in a Thursday, March 10 report. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and set a price target of C$44.00 for the company in a report released Thursday, April 28. . Finally, Canaccord Genuity Group raised shares of First Quantum Minerals to a “buy” rating and set a price target of $44.00 for the company in a Thursday, April 28 report. One research analyst rated the stock with a sell rating, five assigned a hold rating and thirteen gave the company’s stock a buy rating. According to MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy” and an average price target of $40.44.

First Quantum Minerals stock traded down $0.72 at midday Thursday, hitting $18.48. The company’s shares had a trading volume of 33,378 shares, compared to an average volume of 56,245. First Quantum Minerals has a 12-month low of $16.19 and a 12-month high of $37.76 . The company has a market capitalization of $12.78 billion, a P/E ratio of 11.85, a PEG ratio of 2.45 and a beta of 2.13. The company has a debt ratio of 0.61, a quick ratio of 1.63 and a current ratio of 2.35. The company’s fifty-day moving average price is $25.27 and its two-hundred-day moving average price is $27.42.

First Quantum Minerals (OTCMKTS:FQVLF – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The basic materials company reported earnings per share of $0.70 for the quarter, beating consensus analyst estimates of $0.43 from $0.27. First Quantum Minerals posted a net margin of 13.65% and a return on equity of 9.97%. The company had revenue of $2.16 billion in the quarter. On average, research analysts expect First Quantum Minerals to post EPS of 3.04 for the current fiscal year.

First Quantum Minerals Company Profile (Get a rating)

First Quantum Minerals Ltd., together with its subsidiaries, is engaged in the exploration, development and production of mineral properties. It mainly explores copper, nickel, pyrite, gold, silver 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.

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