National Bank Financial Comments on First Quantum Minerals Limited’s Q3 2017 Earnings (FM)
First Quantum Minerals Limited (TSE:FM) – Equities research analysts at National Bank Financial increased their Q3 2017 earnings per share estimates for shares of First Quantum Minerals Limited in a report released on Tuesday. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.01 per share for the quarter, up from their prior estimate of ($1.32). National Bank Financial has a “Sector Perform” rating and a $17.00 price target on the stock. National Bank Financial also issued estimates for First Quantum Minerals Limited’s FY2017 earnings at ($0.03) EPS and FY2018 earnings at $1.50 EPS.
A number of other equities analysts have also weighed in on FM. Eight Capital restated a “buy” rating on shares of First Quantum Minerals Limited in a report on Thursday, August 17th. TD Securities lifted their target price on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Scotiabank set a C$16.00 target price on shares of First Quantum Minerals Limited and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Deutsche Bank AG lifted their target price on shares of First Quantum Minerals Limited from C$18.00 to C$19.00 in a research report on Friday, October 13th. Finally, Berenberg Bank lifted their target price on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$17.18.
First Quantum Minerals Limited (FM) opened at 15.03 on Friday. The stock has a 50 day moving average price of $14.46 and a 200 day moving average price of $13.02. The company’s market capitalization is $10.31 billion. First Quantum Minerals Limited has a 12-month low of $9.69 and a 12-month high of $17.55.
About First Quantum Minerals Limited
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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