First Quantum Minerals Limited (TSE:FM) – Stock analysts at Jefferies Group reduced their FY2018 EPS estimates for First Quantum Minerals Limited in a research report issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $1.23 for the year, down from their previous forecast of $1.40. Jefferies Group also issued estimates for First Quantum Minerals Limited’s FY2019 earnings at $2.44 EPS and FY2020 earnings at $4.38 EPS.

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A number of other brokerages have also recently issued reports on FM. National Bank Financial boosted their price objective on First Quantum Minerals Limited from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 18th. Berenberg Bank lowered their price objective on First Quantum Minerals Limited from C$12.80 to C$11.75 in a research note on Wednesday, July 12th. Royal Bank Of Canada lowered their price objective on First Quantum Minerals Limited from C$16.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Monday, July 31st. Raymond James Financial, Inc. boosted their price objective on First Quantum Minerals Limited from C$16.00 to C$18.00 in a research note on Monday, October 23rd. Finally, CIBC restated a “neutral” rating and issued a C$15.50 price objective on shares of First Quantum Minerals Limited in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$17.34.

First Quantum Minerals Limited (FM) traded up 0.21% during trading on Monday, hitting $14.24. 79,231 shares of the company’s stock traded hands. The company’s market cap is $9.77 billion. First Quantum Minerals Limited has a 52-week low of $9.69 and a 52-week high of $17.55. The company’s 50 day moving average price is $14.49 and its 200 day moving average price is $13.04.

About First Quantum Minerals Limited

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.

Earnings History and Estimates for First Quantum Minerals Limited (TSE:FM)

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