First Quantum Minerals Limited (TSE:FM) – Equities research analysts at Raymond James Financial reduced their Q4 2016 earnings per share (EPS) estimates for shares of First Quantum Minerals Limited in a report issued on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the brokerage will earn $0.06 per share for the quarter, down from their prior forecast of $0.07. Raymond James Financial also issued estimates for First Quantum Minerals Limited’s Q1 2017 earnings at $0.08 EPS, Q2 2017 earnings at $0.11 EPS, Q3 2017 earnings at $0.13 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.44 EPS.

Earnings History and Estimates for First Quantum Minerals Limited (TSE:FM)

Several other equities analysts have also recently issued reports on FM. CIBC boosted their price objective on shares of First Quantum Minerals Limited from C$10.00 to C$13.50 in a research note on Thursday, July 28th. Dundee Securities cut shares of First Quantum Minerals Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$13.00 in a research note on Friday. Goldman Sachs Group Inc. boosted their price objective on shares of First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the company a “sell” rating in a research note on Wednesday, August 3rd. Scotiabank reissued a “focus stock” rating and issued a C$15.00 price objective on shares of First Quantum Minerals Limited in a research note on Thursday, July 28th. Finally, TD Securities raised shares of First Quantum Minerals Limited from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$11.00 to C$13.50 in a research note on Wednesday, July 20th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. First Quantum Minerals Limited has an average rating of “Hold” and an average price target of C$10.20.

Shares of First Quantum Minerals Limited (TSE:FM) opened at 10.59 on Monday. First Quantum Minerals Limited has a one year low of $2.15 and a one year high of $12.34. The stock’s market capitalization is $7.26 billion. The company’s 50-day moving average is $10.54 and its 200-day moving average is $9.72.

First Quantum Minerals Limited Company Profile

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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