First Quantum Minerals Limited (TSE:FM) – Stock analysts at National Bank Financial boosted their FY2019 earnings per share (EPS) estimates for First Quantum Minerals in a research note issued to investors on Thursday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $2.46 for the year, up from their prior estimate of $2.28. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock.
Several other research firms have also weighed in on FM. Deutsche Bank lifted their price target on First Quantum Minerals from C$20.00 to C$23.00 in a research report on Monday, January 15th. CIBC boosted their target price on First Quantum Minerals from C$15.00 to C$20.00 in a report on Monday, January 22nd. CSFB downgraded First Quantum Minerals from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 23rd. TD Securities dropped their target price on First Quantum Minerals from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Friday. Finally, Barclays boosted their target price on First Quantum Minerals from C$14.00 to C$18.70 in a report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$19.60.
First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Thursday, October 26th. The company reported C($0.10) earnings per share 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%. WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/29/fy2019-eps-estimates-for-first-quantum-minerals-limited-fm-raised-by-analyst.html.
About First Quantum Minerals
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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