First Quantum Minerals Limited Expected to Earn FY2020 Earnings of $4.09 Per Share (FM)
First Quantum Minerals Limited (TSE:FM) – Analysts at Jefferies Group reduced their FY2020 EPS estimates for First Quantum Minerals in a research note issued to investors on Friday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings of $4.09 per share for the year, down from their prior forecast of $4.38.
A number of other analysts have also commented on the company. Barclays lifted their price target on First Quantum Minerals from C$14.00 to C$18.70 in a report on Monday. Scotiabank reissued an “outperform” rating and issued a C$18.00 target price on shares of First Quantum Minerals in a research report on Tuesday, December 19th. BMO Capital Markets raised their target price on First Quantum Minerals from C$22.00 to C$23.00 in a research report on Monday, December 18th. Goldman Sachs Group raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$15.00 to C$21.00 in a research report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. First Quantum Minerals presently has an average rating of “Buy” and a consensus price target of C$18.50.
Shares of First Quantum Minerals (TSE:FM) traded up C$0.04 during trading on Monday, reaching C$18.74. The company had a trading volume of 1,420,000 shares, compared to its average volume of 2,330,000. The company has a market capitalization of $12,920.00, a price-to-earnings ratio of -55.12 and a beta of 2.94. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year high of C$19.41.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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