First Quantum Minerals (TSE:FM) Price Target Increased to C$19.00 by Analysts at Raymond James

First Quantum Minerals (TSE:FM) had its price target upped by Raymond James from C$16.00 to C$19.00 in a research note released on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for First Quantum Minerals’ Q1 2024 earnings at ($0.10) EPS, Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.15) EPS.

Several other research analysts also recently commented on the company. Scotiabank dropped their price target on First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating on the stock in a research report on Thursday, February 22nd. Citigroup dropped their price target on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating on the stock in a research report on Wednesday, January 10th. Bank of America boosted their price objective on First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$14.00 price objective on First Quantum Minerals and gave the company a hold rating in a research report on Tuesday, March 26th. Finally, Barclays boosted their price objective on 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, April 16th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$16.26.

First Quantum Minerals Stock Down 2.6 %

FM opened at C$15.52 on Tuesday. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13. The business has a 50-day moving average of C$14.01 and a 200-day moving average of C$15.07. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The company has a market capitalization of C$12.94 billion, a PE ratio of -8.30, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. Equities research analysts forecast that First Quantum Minerals will post 0.7906736 EPS for the current fiscal 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.