First Quantum Minerals (TSE:FM) Given New C$14.00 Price Target at Deutsche Bank

First Quantum Minerals (TSE:FM) had its price target cut by Deutsche Bank from C$14.50 to C$14.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

FM has been the subject of a number of other reports. CSFB dropped their target price on shares of First Quantum Minerals from C$23.00 to C$12.00 in a research note on Tuesday, May 28th. Raymond James reaffirmed an average rating and issued a $16.00 target price on shares of Aeroflex in a research note on Wednesday, May 1st. TD Securities cut shares of First Quantum Minerals from an action list buy rating to a buy rating and lowered their price target for the stock from C$21.00 to C$18.50 in a research report on Thursday, May 23rd. CIBC cut shares of TransAlta Renewables from a neutral rating to an underperform rating and lifted their price target for the stock from C$13.00 to C$13.50 in a research report on Wednesday, April 3rd. Finally, Canaccord Genuity lowered their price target on shares of Trevali Mining from C$0.75 to C$0.65 in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. First Quantum Minerals has a consensus rating of Buy and an average target price of C$16.03.

Shares of TSE FM opened at C$11.43 on Wednesday. First Quantum Minerals has a 1-year low of C$9.45 and a 1-year high of C$20.63. The company has a market capitalization of $7.83 billion and a P/E ratio of 17.58. The company has a debt-to-equity ratio of 87.75, a quick ratio of 1.25 and a current ratio of 2.10. The business has a 50-day moving average of C$11.15.

First Quantum Minerals (TSE:FM) last announced its earnings results on Monday, April 29th. The company reported C$0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.19. The company had revenue of C$1.14 billion during the quarter, compared to the consensus estimate of C$1.28 billion. As a group, research analysts expect that First Quantum Minerals will post 1.0499999 earnings per share for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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