First Quantum Minerals (FM) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for First Quantum Minerals (TSE: FM):

  • 5/2/2022 – First Quantum Minerals had its price target raised by analysts at CIBC from C$40.00 to C$42.50.
  • 4/28/2022 – First Quantum Minerals had its price target lowered by analysts at Royal Bank of Canada from C$43.00 to C$42.00. They now have an “outperform” rating on the stock.
  • 4/28/2022 – First Quantum Minerals was upgraded by analysts at Canaccord Genuity Group Inc. to a “buy” rating. They now have a C$44.00 price target on the stock.
  • 4/28/2022 – First Quantum Minerals had its price target lowered by analysts at JPMorgan Chase & Co. from C$46.00 to C$45.00.
  • 4/27/2022 – First Quantum Minerals was given a new C$50.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 4/27/2022 – First Quantum Minerals was upgraded by analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating. They now have a C$47.00 price target on the stock.
  • 4/27/2022 – First Quantum Minerals had its price target lowered by analysts at TD Securities from C$52.00 to C$50.00. They now have a “buy” rating on the stock.
  • 4/21/2022 – First Quantum Minerals had its price target raised by analysts at Barclays PLC from C$23.00 to C$27.00. They now have an “underperform” rating on the stock.
  • 4/21/2022 – First Quantum Minerals had its price target raised by analysts at Eight Capital from C$40.00 to C$50.00. They now have a “market perform” rating on the stock.
  • 4/20/2022 – First Quantum Minerals had its price target raised by analysts at Raymond James from C$41.00 to C$50.00. They now have an “outperform” rating on the stock.
  • 4/18/2022 – First Quantum Minerals was downgraded by analysts at Canaccord Genuity Group Inc. to a “hold” rating. They now have a C$44.00 price target on the stock.
  • 4/18/2022 – First Quantum Minerals had its price target raised by analysts at BMO Capital Markets from C$39.00 to C$41.00.
  • 4/13/2022 – First Quantum Minerals had its price target raised by analysts at Scotiabank from C$43.00 to C$50.00.
  • 4/11/2022 – First Quantum Minerals was upgraded by analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating. They now have a C$50.00 price target on the stock.
  • 4/8/2022 – First Quantum Minerals had its price target raised by analysts at National Bankshares, Inc. from C$40.00 to C$48.00.
  • 4/5/2022 – First Quantum Minerals had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from C$40.00 to C$50.00.
  • 3/29/2022 – First Quantum Minerals is now covered by analysts at BMO Capital Markets. They set a “hold” rating and a C$37.00 price target on the stock.
  • 3/24/2022 – First Quantum Minerals was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a C$36.00 price target on the stock, down previously from C$39.00.
  • 3/22/2022 – First Quantum Minerals had its price target raised by analysts at Raymond James from C$39.00 to C$41.00. They now have an “outperform” rating on the stock.

Shares of FM opened at C$31.72 on Wednesday. The firm’s 50 day simple moving average is C$39.27 and its 200 day simple moving average is C$33.83. The company has a market capitalization of C$21.94 billion and a P/E ratio of 15.80. The company has a debt-to-equity ratio of 65.34, a current ratio of 2.35 and a quick ratio of 1.58. First Quantum Minerals Ltd. has a 1-year low of C$20.67 and a 1-year high of C$45.38.

First Quantum Minerals (TSE:FMGet Rating) last announced its earnings results on Tuesday, February 15th. The company reported C$0.55 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.10). The company had revenue of C$2.60 billion for the quarter, compared to analyst estimates of C$2.54 billion. On average, equities analysts anticipate that First Quantum Minerals Ltd. will post 3.16 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Friday, May 6th. Investors of record on Thursday, April 14th were paid a $0.005 dividend. This represents a yield of 0.01%. The ex-dividend date was Wednesday, April 13th. First Quantum Minerals’s dividend payout ratio is currently 0.40%.

In other First Quantum Minerals news, Senior Officer Hannes Meyer sold 31,765 shares of the stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of C$35.78, for a total transaction of C$1,136,662.88. Following the transaction, the insider now directly owns 89,463 shares in the company, valued at C$3,201,299.26. Also, Director Philip K.R. Pascall sold 81,582 shares of the stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of C$38.64, for a total transaction of C$3,152,328.48. Following the transaction, the director now owns 5,872,725 shares in the company, valued at C$226,922,094. Insiders sold 292,201 shares of company stock worth $11,371,329 over the last ninety days.

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, 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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