First Quantum Minerals Limited (TSE:FM) – Equities research analysts at National Bank Financial lifted their FY2019 earnings estimates for First Quantum Minerals in a report issued on Thursday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $2.46 per share for the year, up from their previous estimate of $2.28. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock.
A number of other research analysts have also recently issued reports on FM. Barclays lifted their price target on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. Scotiabank reissued an “outperform” rating and set a C$17.00 price target on shares of First Quantum Minerals in a research report on Monday, October 30th. Raymond James Financial lifted their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Goldman Sachs Group raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets lifted their price target on shares of First Quantum Minerals from C$22.00 to C$23.00 in a research report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$19.89.
First Quantum Minerals (TSE FM) traded up C$0.07 during trading hours on Monday, hitting C$18.24. 2,421,157 shares of the stock traded hands, compared to its average volume of 2,708,721. First Quantum Minerals has a 12-month low of C$9.69 and a 12-month high of C$19.75. The stock has a market cap of $12,590.00, a PE ratio of -53.59 and a beta of 2.94.
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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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