First Quantum Minerals Limited (TSE:FM) – Equities research analysts at National Bank Financial decreased their Q4 2017 earnings per share (EPS) estimates for shares of First Quantum Minerals in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now expects that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.20. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock.
A number of other brokerages have also recently commented on FM. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$15.00 to C$21.00 in a report on Monday, December 4th. Deutsche Bank upped their target price on shares of First Quantum Minerals from C$20.00 to C$23.00 in a report on Monday, January 15th. CIBC upped their target price on shares of First Quantum Minerals from C$15.00 to C$20.00 in a report on Monday, January 22nd. Scotiabank set a C$22.00 target price on shares of First Quantum Minerals and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, BMO Capital Markets upped their target price on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. First Quantum Minerals has an average rating of “Buy” and a consensus target price of C$19.89.
Shares of First Quantum Minerals (TSE FM) opened at C$17.67 on Monday. First Quantum Minerals has a twelve month low of C$9.69 and a twelve month high of C$19.75. The company has a market cap of $12,180.00, a P/E ratio of -51.97 and a beta of 3.02.
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.
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