FY2018 Earnings Forecast for First Quantum Minerals Limited (FM) Issued By Jefferies Group
First Quantum Minerals Limited (TSE:FM) – Equities researchers at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for shares of First Quantum Minerals Limited in a research note issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the firm will post earnings per share of $0.86 for the year, up from their previous estimate of $0.85. Jefferies Group has a “Buy” rating and a $18.00 price target on the stock.
Several other brokerages also recently weighed in on FM. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$11.00 price target on shares of First Quantum Minerals Limited in a report on Thursday, July 21st. Goldman Sachs Group Inc. upped their price objective on First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the stock a “sell” rating in a report on Wednesday, August 3rd. Cormark upgraded First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a report on Tuesday, August 2nd. Berenberg Bank upped their price objective on First Quantum Minerals Limited from C$8.00 to C$8.25 and gave the stock a “sell” rating in a report on Tuesday, November 1st. Finally, Canaccord Genuity upped their price objective on First Quantum Minerals Limited from C$13.50 to C$14.50 and gave the stock a “buy” rating in a report on Monday, October 24th. Five research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$10.40.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.36% during mid-day trading on Monday, reaching $13.85. The company’s stock had a trading volume of 3,248,987 shares. The firm has a 50-day moving average of $11.83 and a 200-day moving average of $10.47. First Quantum Minerals Limited has a 52 week low of $2.15 and a 52 week high of $15.74. The firm has a market capitalization of $9.50 billion and a PE ratio of 200.72.
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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