First Quantum Minerals (TSE:FM – Free Report) had its price target boosted by Eight Capital from C$16.00 to C$17.00 in a research note released on Monday, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.
A number of other brokerages have also issued reports on FM. CIBC increased their target price on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Canaccord Genuity Group lifted their target price on shares of First Quantum Minerals from C$21.00 to C$22.00 in a research report on Wednesday, April 17th. National Bank Financial raised shares of First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research note on Thursday, February 29th. Morgan Stanley raised their price target on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a research note on Thursday, March 28th. Finally, Barclays boosted their price objective on First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an equal weight rating in a research note on Tuesday, April 16th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of C$16.85.
Read Our Latest Analysis on First Quantum Minerals
First Quantum Minerals Trading Up 2.7 %
First Quantum Minerals (TSE:FM – Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. As a group, equities analysts predict that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.
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.
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