First Quantum Minerals (TSE:FM – Free Report) had its target price trimmed by JPMorgan Chase & Co. from C$20.00 to C$16.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.
Several other equities research analysts have also recently weighed in on FM. Bank of America increased their price objective on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Jefferies Financial Group upped their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. Raymond James upped their target price on First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. BMO Capital Markets lowered First Quantum Minerals from an outperform rating to a market perform rating and upped their target price for the company from C$17.00 to C$19.00 in a research note on Tuesday, May 21st. Finally, TD Securities upped their target price on First Quantum Minerals from C$17.00 to C$18.00 and gave the company a hold rating in a research note on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$19.52.
Read Our Latest Analysis on FM
First Quantum Minerals Stock Up 1.1 %
First Quantum Minerals (TSE:FM – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). 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$1.40 billion for the quarter, compared to the consensus estimate of C$1.25 billion. Equities analysts expect that First Quantum Minerals will post 1.0067358 earnings per share for the current year.
Insider Transactions at First Quantum Minerals
In related news, Senior Officer Zenon Wozniak sold 49,250 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total value of C$885,022.50. Company insiders own 16.10% of the company’s stock.
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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