First Quantum Minerals (TSE:FM – Get Free Report) had its price target upped by JPMorgan Chase & Co. from C$17.00 to C$20.00 in a report released on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 4.00% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group decreased their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating on the stock in a research note on Thursday, April 25th. CIBC boosted their price target on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a “neutral” rating in a report on Thursday, June 20th. BMO Capital Markets downgraded First Quantum Minerals from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$17.00 to C$19.00 in a report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price target for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. Finally, Stifel Nicolaus boosted their price target on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and an average target price of C$19.27.
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First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.19) by C($0.08). First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The company had revenue of C$1.40 billion during the quarter, compared to analyst estimates of C$1.25 billion. On average, sell-side analysts expect that First Quantum Minerals will post 1.0067358 EPS for the current fiscal year.
Insiders Place Their Bets
In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 49,250 shares of First Quantum Minerals stock in a transaction that occurred 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. Corporate insiders own 16.10% of the company’s stock.
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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