First Quantum Minerals (TSE:FM – Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from C$20.00 to C$16.00 in a report released on Friday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 2.02% from the company’s previous close.
FM has been the subject of several other reports. Barclays raised their price objective on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Jefferies Financial Group raised their price target on First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$14.00 to C$26.00 in a research note on Thursday, June 20th. BMO Capital Markets lowered First Quantum Minerals from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$17.00 to C$19.00 in a report on Tuesday, May 21st. Finally, Stifel Nicolaus increased their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, First Quantum Minerals presently has a consensus rating of “Hold” and an average target price of C$19.52.
Read Our Latest Research Report 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, April 23rd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). The business had revenue of C$1.40 billion for the quarter, compared to analysts’ expectations of C$1.25 billion. First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. On average, equities research analysts expect that First Quantum Minerals will post 1.0067358 EPS for the current year.
Insider Buying and Selling at First Quantum Minerals
In related news, Senior Officer Zenon Wozniak sold 49,250 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total transaction of C$885,022.50. Company insiders own 16.10% of the company’s stock.
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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