First Quantum Minerals (TSE:FM – Free Report) had its target price raised by Raymond James from C$16.00 to C$19.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for First Quantum Minerals’ Q1 2024 earnings at ($0.10) EPS, Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.15) EPS.
FM has been the subject of a number of other reports. Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the company a hold rating in a research report on Tuesday, March 26th. CIBC boosted 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. JPMorgan Chase & Co. boosted their target price on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. BMO Capital Markets boosted their target price on First Quantum Minerals from C$7.50 to C$8.50 in a research report on Wednesday, April 17th. Finally, Eight Capital boosted their target price on First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$16.26.
Check Out Our Latest Stock Report on FM
First Quantum Minerals Stock Down 2.6 %
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 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 net margin of 14.78% and a negative return on equity of 10.80%. On average, analysts anticipate that First Quantum Minerals will post 0.7906736 EPS 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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