Equities research analysts at Dundee Securities hoisted their target price on shares of First Quantum Minerals Limited (TSE:FM) from C$24.00 to C$25.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Dundee Securities’ price objective indicates a potential upside of 7.34% from the stock’s previous close.
First Quantum Minerals Limited (TSE:FM) opened at 23.29 on Friday. First Quantum Minerals Limited has a one year low of $14.22 and a one year high of $23.50. The stock’s 50-day moving average is $21.19 and its 200-day moving average is $19.80. The company has a market cap of $13.676 billion and a price-to-earnings ratio of 27.11.
First Quantum Minerals Limited (TSE:FM) last announced its earnings results on Monday, May 5th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.01. Analysts expect that First Quantum Minerals Limited will post $1.00 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC initiated coverage on shares of First Quantum Minerals Limited in a research note on Thursday. They set an “underweight” rating and a C$20.60 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of First Quantum Minerals Limited in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$23.61.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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