First Quantum Minerals Limited Stock Rating Reaffirmed by Scotiabank (FM)
FM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of First Quantum Minerals Limited from C$26.00 to C$27.00 in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of First Quantum Minerals Limited in a research note on Tuesday, June 10th. They set an “overweight” rating and a C$27.10 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$24.26.
Shares of First Quantum Minerals Limited (TSE:FM) traded up 0.09% on Wednesday, hitting $21.32. 2,517,935 shares of the company’s stock traded hands. First Quantum Minerals Limited has a one year low of $14.22 and a one year high of $23.50. The stock has a 50-day moving average of $22.06 and a 200-day moving average of $20.29. The company has a market cap of $12.519 billion and a price-to-earnings ratio of 25.06.
First Quantum Minerals Limited (TSE:FM) last posted its quarterly earnings results 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 $1.02 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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