First Quantum Minerals (TSE:FM – Get Free Report) had its target price dropped by equities researchers at Jefferies Financial Group from C$20.00 to C$19.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 20.07% from the stock’s previous close.
Other analysts have also issued research reports about the company. Eight Capital boosted their price target on First Quantum Minerals from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research note on Monday. 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 increased their target price on First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Stifel Nicolaus set a C$14.00 price target on First Quantum Minerals and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. raised their price target on First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$16.96.
Get Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Stock Performance
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 (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The firm 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 14.78% and a negative return on equity of 10.80%. On average, equities analysts expect that First Quantum Minerals will post 0.7906736 EPS 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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