First Quantum Minerals Limited Given Average Rating of “Buy” by Analysts (TSE:FM)
Shares of First Quantum Minerals Limited (TSE:FM) have been given an average rating of “Buy” by the seventeen ratings firms that are currently covering the stock, Stock Ratings News reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$23.61.
A number of analysts have recently weighed in on FM shares. Analysts at Dundee Securities raised their price target on shares of First Quantum Minerals Limited from C$24.00 to C$25.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at HSBC initiated coverage on shares of First Quantum Minerals Limited in a research note on Thursday. They set an “underweight” rating and a C$20.60 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, May 6th.
First Quantum Minerals Limited (TSE:FM) opened at 23.29 on Friday. First Quantum Minerals Limited has a 52-week low of $14.22 and a 52-week high of $23.50. The stock has a 50-day moving average of $21.19 and a 200-day moving average of $19.80. The company has a market cap of $13.676 billion and a price-to-earnings ratio of 27.11.
First Quantum Minerals Limited (TSE:FM) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. On average, analysts predict that First Quantum Minerals Limited will post $0.99 earnings per share for the current fiscal year.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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