First Quantum Minerals (TSE:FM – Get Free Report) had its price target raised by research analysts at Raymond James from C$19.00 to C$21.00 in a report issued on Thursday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 18.51% from the stock’s current price.
Other analysts have also issued reports about the company. Morgan Stanley lifted their price target on First Quantum Minerals from C$18.90 to C$19.80 in a research note on Wednesday, May 8th. Canaccord Genuity Group decreased their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets cut shares of First Quantum Minerals from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$17.00 to C$19.00 in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$17.00 to C$18.00 in a research report on Monday, March 4th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$17.25.
Check Out Our Latest Analysis on First Quantum Minerals
First Quantum Minerals Price Performance
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The business had revenue of C$1.40 billion during the quarter, compared to analysts’ expectations of C$1.25 billion. As a group, analysts predict that First Quantum Minerals will post 1.0067358 earnings per share 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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