First Quantum Minerals Ltd. (TSE:FM – Get Free Report) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$17.02.
Several brokerages have recently weighed in on FM. CIBC upped their target price on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. BMO Capital Markets lowered their price target on shares of First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$18.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, UBS Group set a C$16.00 price target on shares of First Quantum Minerals and gave the company a “neutral” rating in a report on Tuesday, January 16th.
Read Our Latest Stock Report on FM
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported C($0.50) 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 analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. Sell-side analysts expect that First Quantum Minerals will post 0.9626943 EPS for the current fiscal year.
About First Quantum Minerals
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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