First Quantum Minerals (TSE:FM) had its price objective upped by investment analysts at Raymond James from C$22.00 to C$25.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 13.64% from the company’s previous close.

Several other research firms also recently commented on FM. CIBC lifted their price objective on First Quantum Minerals from C$15.00 to C$20.00 in a report on Monday, January 22nd. Deutsche Bank lifted their price objective on First Quantum Minerals from C$20.00 to C$23.00 in a report on Monday, January 15th. JPMorgan Chase decreased their price objective on First Quantum Minerals from C$18.50 to C$17.50 in a report on Tuesday, March 27th. Scotiabank reiterated an “outperform” rating and issued a C$23.50 price objective on shares of First Quantum Minerals in a report on Friday, April 27th. Finally, CSFB downgraded First Quantum Minerals from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. First Quantum Minerals presently has a consensus rating of “Buy” and an average target price of C$21.45.

First Quantum Minerals opened at C$22.00 on Tuesday, according to First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$22.00.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Thursday, April 26th. The company reported C$0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business 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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