First Quantum Minerals (TSE:FM – Free Report) had its price objective cut by Canaccord Genuity Group from C$22.00 to C$21.50 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other equities research analysts have also commented on the company. National Bankshares upgraded First Quantum Minerals from a sector perform rating to an outperform rating and upped their price objective for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. National Bank Financial raised shares of First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a report on Thursday, February 29th. Scotiabank dropped their target price 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 report on Thursday, February 22nd. Jefferies Financial Group dropped their target price on shares of First Quantum Minerals from C$20.00 to C$19.50 and set a buy rating for the company in a report on Wednesday. Finally, TD Securities upped their target price on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a hold rating in a report on Monday, March 4th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals currently has an average rating of Hold and an average price target of C$16.96.
Read Our Latest Stock Analysis on FM
First Quantum Minerals Trading Up 1.9 %
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data 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 company 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 10.80% and a negative net margin of 14.78%. Sell-side analysts forecast that First Quantum Minerals will post 0.7906736 EPS 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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