First Quantum Minerals (TSE:FM – Free Report) had its target price raised by Raymond James from C$16.00 to C$19.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for First Quantum Minerals’ Q1 2024 earnings at ($0.10) EPS, Q2 2024 earnings at ($0.06) EPS, Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.04 EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at $0.07 EPS, FY2024 earnings at ($0.15) EPS and FY2024 earnings at $0.03 EPS.
Several other research analysts have also weighed in on the company. UBS Group set a C$16.00 price objective on First Quantum Minerals and gave the stock a neutral rating in a research report on Tuesday, January 16th. Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the company a hold rating in a research report on Tuesday, March 26th. BMO Capital Markets boosted their target price on First Quantum Minerals from C$7.50 to C$8.50 in a research report on Wednesday, April 17th. Jefferies Financial Group raised 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 research report on Thursday, February 22nd. Finally, Barclays boosted their target price on First Quantum Minerals from C$13.00 to C$16.00 and gave the company an equal weight rating in a research report on Tuesday, April 16th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of Hold and a consensus price target of C$16.96.
View Our Latest Stock Analysis on FM
First Quantum Minerals Trading Up 12.5 %
First Quantum Minerals (TSE:FM – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. As a group, sell-side analysts expect that First Quantum Minerals will post 0.7906736 EPS for the current fiscal 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.
See Also
- Five stocks we like better than First Quantum Minerals
- Best Stocks Under $10.00
- 3 Stocks Leading the U.S. Agriculture Comeback
- What is a Dividend King?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Roth IRA Calculator: Calculate Your Potential Returns
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.