First Quantum Minerals (TSE:FM – Get Free Report) had its price objective raised by stock analysts at Morgan Stanley from C$17.00 to C$18.90 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 29.36% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price objective on shares of First Quantum Minerals from C$17.00 to C$21.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus set a C$14.00 price objective on First Quantum Minerals and gave the stock a “hold” rating in a research report on Tuesday. National Bank Financial raised First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research report on Thursday, February 29th. Barclays raised shares of First Quantum Minerals from an “underperform” rating to an “equal weight” rating and raised their price target for the stock from C$11.00 to C$13.00 in a research note on Thursday, February 29th. Finally, Citigroup cut their price objective on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$15.84.
First Quantum Minerals Trading Up 2.7 %
First Quantum Minerals (TSE:FM – Get Free Report) last posted its 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 business had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. Analysts predict that First Quantum Minerals will post 0.6901554 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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