First Quantum Minerals (TSE:FM – Free Report) had its price objective hoisted by Raymond James from C$16.00 to C$19.00 in a report issued on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for First Quantum Minerals’ Q1 2024 earnings at ($0.10) EPS, Q2 2024 earnings at ($0.06) EPS, Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.04 EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at $0.07 EPS, FY2024 earnings at ($0.15) EPS and FY2024 earnings at $0.03 EPS.
Other research analysts have also issued research reports about the company. Citigroup cut their price objective on First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a research report on Wednesday, January 10th. CIBC raised their price objective on First Quantum Minerals from C$14.00 to C$15.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. Eight Capital raised their price objective on First Quantum Minerals from C$16.00 to C$17.00 and gave the stock a neutral rating in a research report on Monday. National Bank Financial raised First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group raised First Quantum Minerals from a hold rating to a buy rating and raised their price objective for the stock from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of C$16.96.
Check Out Our Latest Research Report on FM
First Quantum Minerals Stock Up 1.9 %
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of C$1.58 billion. As a group, equities analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share for the current year.
About First Quantum Minerals
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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