First Quantum Minerals (TSE:FM – Get Free Report) had its price target hoisted by Barclays from C$13.00 to C$16.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 8.25% from the stock’s current price.
A number of other brokerages have also recently weighed in on FM. Morgan Stanley increased their price target on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Scotiabank cut their price objective on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 22nd. Citigroup cut their price target on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. TD Securities increased their price target 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, National Bankshares 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$15.00 to C$16.50 in a report on Friday, March 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$16.02.
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First Quantum Minerals Price Performance
First Quantum Minerals (TSE:FM – Get Free Report) last issued its quarterly earnings results 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). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The firm had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. As a group, analysts forecast 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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