First Quantum Minerals (TSE:FM – Free Report) had its target price lowered by National Bankshares from C$22.00 to C$21.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on the company. Eight Capital raised their target price on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Canaccord Genuity Group raised their target price on First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Barclays raised their price objective on First Quantum Minerals from C$16.00 to C$18.00 in a research report on Thursday, August 1st. Finally, Scotiabank raised their price objective on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$20.59.
Get Our Latest Report on First Quantum Minerals
First Quantum Minerals Stock Down 2.4 %
First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) EPS for the quarter, beating the consensus estimate of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The firm had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion. Research analysts anticipate that First Quantum Minerals will post 0.3652482 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by company insiders.
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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