Jefferies Group Analysts Cut Earnings Estimates for First Quantum Minerals Limited (TSE:FM)
First Quantum Minerals Limited (TSE:FM) – Jefferies Group dropped their FY2017 earnings per share estimates for shares of First Quantum Minerals Limited in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings of $0.15 per share for the year, down from their prior estimate of $0.16. Jefferies Group currently has a “Buy” rating and a $15.00 target price on the stock. Jefferies Group also issued estimates for First Quantum Minerals Limited’s FY2018 earnings at $0.83 EPS and FY2019 earnings at $1.54 EPS.
FM has been the subject of several other reports. Scotiabank reiterated an “outperform” rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a report on Monday, March 20th. TD Securities lowered their price target on shares of First Quantum Minerals Limited from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, April 28th. CSFB reiterated an “outperform” rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a report on Monday, April 17th. Berenberg Bank upgraded shares of First Quantum Minerals Limited from a “sell” rating to a “hold” rating and upped their price target for the stock from C$11.00 to C$12.80 in a report on Wednesday, March 22nd. Finally, Barclays PLC lowered their price target on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. First Quantum Minerals Limited presently has a consensus rating of “Buy” and a consensus price target of C$15.84.
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First Quantum Minerals Limited (TSE:FM) opened at 12.58 on Monday. The company has a market capitalization of $8.63 billion and a price-to-earnings ratio of 157.25. The firm has a 50-day moving average price of $11.25 and a 200-day moving average price of $13.77. First Quantum Minerals Limited has a 12 month low of $9.53 and a 12 month high of $17.55.
First Quantum Minerals Limited 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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