First Quantum Minerals (TSE:FM – Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from C$20.00 to C$19.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 23.03% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Scotiabank dropped their price target 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 research report on Thursday, February 22nd. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$17.00 to C$18.00 in a research report on Monday, March 4th. Morgan Stanley lifted their price target on First Quantum Minerals from C$17.00 to C$18.90 and gave the company an “overweight” rating in a research report on Thursday, March 28th. UBS Group set a C$16.00 price objective on First Quantum Minerals and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. Finally, National Bankshares raised 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 research note on Friday, March 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$16.85.
Read Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The business 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%. As a group, analysts predict that First Quantum Minerals will post 0.7906736 EPS for the current fiscal 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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