First Quantum Minerals (FM) Given a C$22.00 Price Target at Scotiabank

First Quantum Minerals (TSE:FM) has been assigned a C$22.00 target price by stock analysts at Scotiabank in a report released on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 18.92% from the company’s previous close.

FM has been the subject of several other reports. CIBC cut their target price on shares of First Quantum Minerals from C$15.50 to C$15.00 in a research note on Wednesday, November 1st. Raymond James Financial increased their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Deutsche Bank increased their price target on shares of First Quantum Minerals from C$18.00 to C$19.00 in a report on Friday, October 13th. Barclays increased their price target on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Finally, National Bank Financial lowered their price target on shares of First Quantum Minerals from C$17.00 to C$16.50 and set a “sector perform” rating on the stock in a report on Friday, October 27th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. First Quantum Minerals currently has a consensus rating of “Buy” and an average price target of C$19.89.

Shares of First Quantum Minerals (TSE:FM) traded down C$0.48 during trading hours on Monday, reaching C$18.50. 2,566,557 shares of the company traded hands, compared to its average volume of 2,601,383. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$19.75. The firm has a market cap of $13,080.00, a P/E ratio of -54.41 and a beta of 2.94.

First Quantum Minerals (TSE:FM) last issued its earnings results on Thursday, October 26th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.08). First Quantum Minerals had a negative net margin of 4.22% and a negative return on equity of 2.30%.

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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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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