First Quantum Minerals (TSE:FM) Given New C$14.00 Price Target at Deutsche Bank

First Quantum Minerals (TSE:FM) had its price objective cut by Deutsche Bank from C$14.50 to C$14.00 in a report released on Wednesday, BayStreet.CA reports.

Several other analysts have also issued reports on FM. Canaccord Genuity dropped their price target on shares of Trevali Mining from C$0.75 to C$0.65 in a research report on Monday, April 15th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 650 ($8.49) price target on shares of in a research report on Thursday, June 20th. TD Securities lowered shares of First Quantum Minerals from an action list buy rating to a buy rating and dropped their price target for the stock from C$21.00 to C$18.50 in a research report on Thursday, May 23rd. Citigroup lowered shares of First Quantum Minerals from a buy rating to a neutral rating and dropped their price target for the stock from C$18.00 to C$13.00 in a research report on Tuesday, May 21st. Finally, BMO Capital Markets reaffirmed a buy rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. First Quantum Minerals has an average rating of Buy and an average price target of C$16.03.

Shares of FM stock opened at C$11.43 on Wednesday. The stock has a fifty day simple moving average of C$11.15. The company has a debt-to-equity ratio of 87.75, a quick ratio of 1.25 and a current ratio of 2.10. The company has a market capitalization of $7.83 billion and a price-to-earnings ratio of 17.58. First Quantum Minerals has a 12 month low of C$9.45 and a 12 month high of C$20.63.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Monday, April 29th. The company reported C$0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.19. The business had revenue of C$1.14 billion during the quarter, compared to the consensus estimate of C$1.28 billion. As a group, equities analysts predict that First Quantum Minerals will post 1.0499999 EPS for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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