First Quantum Minerals (TSE:FM – Get Free Report) had its target price increased by equities researchers at Canaccord Genuity Group from C$21.00 to C$22.00 in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 36.73% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of First Quantum Minerals from C$7.50 to C$8.50 in a research note on Wednesday. CIBC lowered their target price on shares of First Quantum Minerals from C$15.00 to C$14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their target price on shares of First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Barclays increased their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, National Bankshares upgraded shares of 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 note on Friday, March 1st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$16.02.
Check Out Our Latest Report on FM
First Quantum Minerals Stock Up 8.9 %
First Quantum Minerals (TSE:FM – Get Free Report) last announced its quarterly 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). The business had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations 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%. As a group, equities analysts predict 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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