First Quantum Minerals (TSE:FM – Get Free Report) had its target price hoisted by stock analysts at Barclays from C$13.00 to C$16.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 7.24% from the stock’s previous close.
Several other brokerages also recently weighed in on FM. JPMorgan Chase & Co. upped their target price on shares of First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Citigroup decreased their target price on First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th. Morgan Stanley upped their price target on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. BMO Capital Markets lifted their price target on shares of First Quantum Minerals from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the stock a “hold” rating in a report on Tuesday, March 26th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$16.08.
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. Equities research analysts predict that First Quantum Minerals will post 0.7906736 EPS for the current year.
First Quantum Minerals Company Profile
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.
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