First Quantum Minerals (TSE:FM – Free Report) had its price objective boosted by Eight Capital from C$16.00 to C$17.00 in a report issued on Monday morning, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.
Several other analysts have also recently issued reports on FM. National Bankshares raised First Quantum Minerals from a sector perform rating to an outperform rating and raised their target price for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. Citigroup reduced their target price on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating on the stock in a research note on Wednesday, January 10th. TD Securities raised their price target on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a hold rating in a research note on Monday, March 4th. National Bank Financial upgraded 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. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$16.85.
Get Our Latest Stock Analysis on FM
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last issued its earnings results 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). 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 during the quarter, compared to analysts’ expectations of C$1.58 billion. On average, sell-side analysts predict that First Quantum Minerals will post 0.7906736 earnings per share 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.
Featured Articles
- Five stocks we like better than First Quantum Minerals
- 5 Top Rated Dividend Stocks to Consider
- High-Yield Texas Instruments Could Hit New Highs Soon
- Following Congress Stock Trades
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
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.