First Quantum Minerals (TSE:FM – Get Free Report) had its price target hoisted by analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 11.11% from the stock’s previous close.
Several other equities analysts also recently commented on the company. CIBC upped their price objective on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. National Bankshares upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$15.00 to C$16.50 in a research report on Friday, March 1st. Morgan Stanley increased their target price on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Raymond James increased their target price on First Quantum Minerals from C$16.00 to C$19.00 in a research report on Tuesday. Finally, BMO Capital Markets dropped their target price on First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of “Hold” and a consensus price target of C$16.96.
Read Our Latest Stock Report on First Quantum Minerals
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data 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). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The firm had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. As a group, analysts predict that First Quantum Minerals will post 0.7906736 EPS 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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