First Quantum Minerals (TSE:FM – Get Free Report) had its price objective reduced by stock analysts at BMO Capital Markets from C$17.50 to C$17.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 4.68% from the company’s previous close.
FM has been the topic of a number of other research reports. Eight Capital boosted their target price on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a “neutral” rating in a report on Monday. Jefferies Financial Group raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their target price for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. Scotiabank lowered their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 22nd. TD Securities boosted 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. Finally, Bank of America boosted their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals presently has an average rating of “Hold” and a consensus target price of C$16.96.
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First Quantum Minerals Trading Up 1.9 %
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Sell-side analysts expect that First Quantum Minerals will post 0.7906736 earnings per share for the current 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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