First Quantum Minerals Limited to Post Q3 2016 Earnings of $0.05 Per Share, Raymond James Financial Forecasts (FM)
First Quantum Minerals Limited (TSE:FM) – Research analysts at Raymond James Financial decreased their Q3 2016 earnings per share (EPS) estimates for First Quantum Minerals Limited in a research report issued on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the brokerage will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.06. Raymond James Financial also issued estimates for First Quantum Minerals Limited’s FY2016 earnings at $0.32 EPS.
A number of other research analysts have also recently issued reports on FM. Goldman Sachs Group Inc. raised their price target on shares of First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the stock a “sell” rating in a report on Tuesday, July 12th. TD Securities reaffirmed a “buy” rating and issued a C$13.50 price target on shares of First Quantum Minerals Limited in a report on Tuesday, July 26th. CSFB raised shares of First Quantum Minerals Limited from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$10.00 to C$13.00 in a report on Thursday, July 28th. Barclays PLC decreased their price target on shares of First Quantum Minerals Limited from C$10.00 to C$9.20 in a report on Wednesday, September 21st. Finally, Berenberg Bank cut shares of First Quantum Minerals Limited from a “hold” rating to a “sell” rating and raised their price target for the stock from C$5.50 to C$7.50 in a report on Friday, July 8th. Five analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. First Quantum Minerals Limited has an average rating of “Hold” and an average price target of C$10.18.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 10.65 on Friday. The company’s market cap is $7.30 billion. The stock’s 50 day moving average is $10.55 and its 200-day moving average is $9.65. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $12.34.
About First Quantum Minerals Limited
First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.
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