FY2020 EPS Estimates for First Quantum Minerals Limited (FM) Lowered by Jefferies Group

First Quantum Minerals Limited (TSE:FM) – Equities researchers at Jefferies Group reduced their FY2020 EPS estimates for First Quantum Minerals in a research note issued on Tuesday. Jefferies Group analyst C. Lafemina now anticipates that the company will earn $3.84 per share for the year, down from their previous forecast of $4.09.

A number of other research analysts have also commented on FM. Royal Bank of Canada upped their price objective on shares of First Quantum Minerals from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday. Berenberg Bank upped their price objective on shares of First Quantum Minerals from C$14.25 to C$19.00 in a research report on Thursday, February 8th. BMO Capital Markets set a C$24.00 price target on shares of First Quantum Minerals and gave the stock an “outperform” rating in a research report on Tuesday. Scotiabank dropped their price target on shares of First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Raymond James Financial increased their price target on shares of First Quantum Minerals from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$20.87.

Shares of First Quantum Minerals (TSE FM) traded up C$0.79 on Wednesday, hitting C$21.01. 4,122,840 shares of the stock were exchanged, compared to its average volume of 3,238,198. The firm has a market capitalization of $14,410.00, a price-to-earnings ratio of -36.02 and a beta of 3.02. First Quantum Minerals has a 1-year low of C$9.69 and a 1-year high of C$21.20.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Tuesday, April 17th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.10%. First Quantum Minerals’s payout ratio is -1.31%.

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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.

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

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