First Quantum Minerals (TSE:FM – Free Report) had its target price boosted by JPMorgan Chase & Co. from C$12.00 to C$18.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also recently weighed in on FM. Barclays upped their price target on shares of 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. Royal Bank of Canada upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating and raised their target price for the company from C$17.00 to C$18.00 in a report on Monday, March 4th. TD Securities raised their target price on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the company a hold rating in a report on Monday, March 4th. Morgan Stanley raised their target price on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a report on Thursday, March 28th. Finally, BMO Capital Markets raised their price target on shares of First Quantum Minerals from C$7.50 to C$8.50 in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, First Quantum Minerals currently has a consensus rating of Hold and an average price target of C$16.02.
Get Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Stock Down 4.5 %
First Quantum Minerals (TSE:FM – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm 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 net margin of 14.78% and a negative return on equity of 10.80%. Sell-side analysts expect that First Quantum Minerals will post 0.7906736 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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