Raymond James lifted First Quantum Minerals(FM:TSX)to $41 from $39.

STA Research
by: STA Research
First Quantum Mineral Ltd stock

Raymond James Capital maintained the  Outperform rating on First Quantum Minerals, and raised the target on the copper miner’s stock to $41 from $39.

Based on the First Quantum Minerals Ltd stock forecasts from 17 analysts, the average analyst target price for First Quantum Minerals Ltd is CAD 36.57 over the next 12 months. First Quantum Minerals Ltd’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of First Quantum Minerals Ltd is Slightly Bearish, which is based on 5 positive signals and 8 negative signals. At the last closing, First Quantum Minerals Ltd’s stock price was CAD 42.19. First Quantum Minerals Ltd’s stock price has changed by +5.04% over the past week, +8.24% over the past month and +73.12% over the last year.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

 

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