First Quantum Minerals (TSE:FM – Get Free Report) had its price target boosted by research analysts at JPMorgan Chase & Co. from C$12.00 to C$18.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.87% from the company’s current price.
Other analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of First Quantum Minerals from C$7.50 to C$8.50 in a report on Wednesday. UBS Group set a C$16.00 target price on shares of First Quantum Minerals and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Morgan Stanley boosted their target price on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Barclays boosted their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Scotiabank dropped their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$16.02.
Check Out Our Latest Report on First Quantum Minerals
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (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 during the quarter, compared to the consensus estimate 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%. Analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share for the current year.
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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