First Quantum Minerals (TSE:FM – Free Report) had its price target upped by TD Securities from C$17.00 to C$18.00 in a research report report published on Thursday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.
FM has been the topic of a number of other research reports. 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 research note on Thursday, February 29th. UBS Group set a C$16.00 price objective on shares of First Quantum Minerals and gave the company a neutral rating in a research report on Tuesday, January 16th. Eight Capital lifted their price objective on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a neutral rating in a research report on Monday, April 22nd. CIBC lifted their price objective on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley lifted their price objective on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a research report on Thursday, March 28th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$16.96.
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First Quantum Minerals Price Performance
First Quantum Minerals (TSE:FM – Get Free Report) last released 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 firm had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. As a group, research analysts anticipate that First Quantum Minerals will post 0.7906736 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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