First Quantum Minerals (TSE:FM – Get Free Report) had its target price boosted by analysts at Morgan Stanley from C$18.90 to C$19.80 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Morgan Stanley’s target price suggests a potential upside of 9.45% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Eight Capital raised their target price on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. National Bank Financial upgraded 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. Bank of America lifted their price target on First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. Jefferies Financial Group dropped their price objective 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, April 24th. Finally, Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$17.00 to C$18.00 in a research note on Monday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$17.02.
Check Out Our Latest Research Report on First Quantum Minerals
First Quantum Minerals Price Performance
First Quantum Minerals (TSE:FM – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. As a group, analysts predict that First Quantum Minerals will post 0.9626943 earnings per share for the current 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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