First Quantum Minerals, a company engaged in the exploration, development, and production of mineral properties, has recently had its target price decreased by BMO Capital Markets. The target price was lowered from C$30.00 to C$28.00, indicating a potential upside of 90.87% from the stock’s current price. Other research analysts have also issued research reports about the stock, with varying price targets and ratings.
Scotiabank reduced their price target on shares of First Quantum Minerals from C$40.00 to C$38.00 and maintained an “outperform” rating on the stock. JPMorgan Chase & Co. decreased their price target from C$27.00 to C$26.00. Canaccord Genuity Group dropped their price objective from C$43.00 to C$39.00 and reiterated a “buy” rating. Morgan Stanley raised their rating from “underweight” to “equal weight” and lowered their target price from C$32.00 to C$31.00. Barclays also lowered their target price from C$25.00 to C$17.00 and gave the stock an “underweight” rating.
Despite the mixed ratings, one investment analyst has rated the stock as a sell, while eleven have issued a hold rating and three have assigned a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$29.09.
First Quantum Minerals’ stock is currently trading at C$14.67, down 0.7%. It has a 12-month low of C$13.66 and a 12-month high of C$39.13. The company has a market cap of C$10.18 billion, with a P/E ratio of 12.06 and a beta of 2.35.
In its most recent quarterly earnings report, First Quantum Minerals reported C$0.70 EPS, surpassing the consensus estimate of C$0.34 by C$0.36. The company had revenue of C$2.72 billion, exceeding the consensus estimate of C$2.68 billion. Analysts forecast that First Quantum Minerals will post earnings per share of 1.6891026 for the current fiscal year.
With operating mines in various locations around the world, First Quantum Minerals continues to explore opportunities and develop its mineral properties.
What is First Quantum Minerals’ target price?
BMO Capital Markets has decreased the target price from C$30.00 to C$28.00.
What is the potential upside for First Quantum Minerals?
BMO Capital Markets’ target price indicates a potential upside of 90.87% from the stock’s current price.
What are the ratings given by other research analysts?
Scotiabank maintains an “outperform” rating, JPMorgan Chase & Co. has a price target of C$26.00, Canaccord Genuity Group rates the stock as “buy,” Morgan Stanley has an “equal weight” rating, and Barclays rates the stock as “underweight.”
How is First Quantum Minerals’ stock performing?
Currently, the stock is trading at C$14.67, down 0.7%.
What is First Quantum Minerals’ market cap?
The company has a market cap of C$10.18 billion.
What are First Quantum Minerals’ recent earnings results?
First Quantum Minerals reported C$0.70 EPS, beating the consensus estimate of C$0.34 by C$0.36. The company had revenue of C$2.72 billion, surpassing the consensus estimate of C$2.68 billion.