First Quantum Minerals (FM) PT Raised to C$19.00 at Barclays

First Quantum Minerals (TSE:FM) had its target price hoisted by Barclays from C$17.50 to C$19.00 in a research report sent to investors on Monday morning.

A number of other research analysts also recently weighed in on the company. Scotiabank set a C$22.00 price target on First Quantum Minerals and gave the stock an outperform rating in a research note on Monday, January 29th. CIBC upped their price target on First Quantum Minerals from C$15.00 to C$20.00 in a research note on Monday, January 22nd. Deutsche Bank upped their price target on First Quantum Minerals from C$20.00 to C$23.00 in a research note on Monday, January 15th. Jefferies Group cut their price target on First Quantum Minerals from C$27.00 to C$21.00 in a research note on Tuesday, March 27th. Finally, BMO Capital Markets restated an outperform rating and issued a C$24.00 price target on shares of First Quantum Minerals in a research note on Wednesday, March 21st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. First Quantum Minerals currently has an average rating of Buy and a consensus price target of C$21.70.

First Quantum Minerals opened at C$22.03 on Monday, reports. First Quantum Minerals has a fifty-two week low of C$9.69 and a fifty-two week high of C$22.00.

First Quantum Minerals (TSE:FM) last posted its earnings results on Thursday, April 26th. The company reported C$0.32 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.15. First Quantum Minerals had a negative return on equity of 5.12% and a negative net margin of 10.51%. The firm had revenue of C$1.12 billion for the quarter, compared to the consensus estimate of C$1.27 billion.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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