First Quantum Minerals (TSE:FM – Free Report) had its target price increased by Morgan Stanley from C$18.90 to C$19.80 in a report released on Wednesday, BayStreet.CA reports.
A number of other equities analysts also recently commented on FM. Citigroup decreased their price target on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a research note on Wednesday, January 10th. National Bank Financial upgraded 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. National Bankshares raised First Quantum Minerals from a sector perform rating to an outperform rating and upped their price target for the company from C$15.00 to C$16.50 in a research report on Friday, March 1st. Scotiabank decreased 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 report on Thursday, February 22nd. Finally, TD Securities boosted their target price on shares of First Quantum Minerals from C$17.00 to C$18.00 and gave the company a hold rating in a research note on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$16.61.
View Our Latest Analysis on FM
First Quantum Minerals Stock Performance
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 analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. On average, analysts expect that First Quantum Minerals will post 0.9626943 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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