First Quantum Minerals (TSE:FM) had its target price reduced by National Bank Financial from C$16.00 to C$11.50 in a report published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets lowered their price objective on shares of First Quantum Minerals from C$16.00 to C$15.50 in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on shares of First Quantum Minerals from C$15.00 to C$14.00 in a research report on Thursday, March 5th. Credit Suisse Group lowered their price objective on shares of First Quantum Minerals from C$13.00 to C$12.00 in a research report on Tuesday, January 14th. Deutsche Bank cut shares of First Quantum Minerals from a buy rating to a hold rating and lowered their price objective for the company from C$13.60 to C$9.00 in a research report on Friday, March 20th. Finally, CSFB lowered their price objective on shares of First Quantum Minerals from C$13.00 to C$12.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of C$13.48.
First Quantum Minerals stock opened at C$7.08 on Monday. The stock has a market cap of $4.91 billion and a price-to-earnings ratio of -85.30. The company has a debt-to-equity ratio of 94.61, a current ratio of 1.25 and a quick ratio of 0.65. First Quantum Minerals has a 1 year low of C$4.71 and a 1 year high of C$16.63. The firm has a 50-day moving average of C$9.38 and a two-hundred day moving average of C$11.17.
First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Thursday, February 13th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.04. The company had revenue of C$1.69 billion during the quarter, compared to analysts’ expectations of C$1.71 billion. Research analysts expect that First Quantum Minerals will post 0.48 earnings per share for the current year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 7th. Stockholders of record on Thursday, April 16th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. First Quantum Minerals’s dividend payout ratio is currently -8.98%.
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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