First Quantum Minerals (TSE:FM – Get Free Report) had its target price increased by stock analysts at BMO Capital Markets from C$8.50 to C$10.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential downside of 44.84% from the company’s current price.
A number of other equities analysts also recently issued reports on FM. Jefferies Financial Group lowered their price target on First Quantum Minerals from C$20.00 to C$19.50 and set a “buy” rating for the company in a report on Wednesday, April 24th. CIBC upped their price target on First Quantum Minerals from C$14.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Morgan Stanley increased their price objective on First Quantum Minerals from C$18.90 to C$19.80 in a research report on Wednesday. Finally, Eight Capital increased their price objective on First Quantum Minerals from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$16.61.
Get Our Latest Stock Analysis on FM
First Quantum Minerals Trading Down 1.3 %
First Quantum Minerals (TSE:FM – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. The company had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. As a group, analysts expect that First Quantum Minerals will post 0.9626943 earnings per share for the current 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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