First Quantum Minerals (TSE:FM – Get Free Report) had its price objective lifted by equities research analysts at Morgan Stanley from C$19.40 to C$20.20 in a research note issued on Thursday, BayStreet.CA reports. Morgan Stanley’s price target points to a potential upside of 13.36% from the company’s current price.
A number of other equities analysts have also weighed in on FM. Canaccord Genuity Group lifted their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Jefferies Financial Group lifted their target price on shares of First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Citigroup upgraded shares of First Quantum Minerals from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$14.00 to C$26.00 in a report on Thursday, June 20th. Raymond James lifted their target price on shares of First Quantum Minerals from C$19.00 to C$21.00 in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their target price for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of “Hold” and an average price target of C$20.12.
View Our Latest Stock Report on FM
First Quantum Minerals Stock Performance
First Quantum Minerals (TSE:FM – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. The company had revenue of C$1.68 billion during the quarter, compared to analysts’ expectations of C$1.42 billion. On average, analysts expect that First Quantum Minerals will post 1.0143443 earnings per share for the current fiscal year.
Insider Buying and Selling at First Quantum Minerals
In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. 19.35% of the stock is currently owned by company insiders.
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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