First Quantum Minerals (FM) Given New C$18.00 Price Target at Royal Bank of Canada

First Quantum Minerals (TSE:FM) had its price objective decreased by Royal Bank of Canada from C$20.00 to C$18.00 in a research note published on Tuesday. Royal Bank of Canada currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on First Quantum Minerals from C$17.40 to C$15.90 in a research note on Monday, September 10th. CIBC dropped their price objective on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, August 31st. Raymond James dropped their price objective on First Quantum Minerals from C$25.00 to C$24.00 in a research note on Friday, October 5th. Deutsche Bank dropped their price objective on First Quantum Minerals from C$23.00 to C$19.00 in a research note on Tuesday, October 2nd. Finally, National Bank Financial dropped their price objective on First Quantum Minerals from C$21.00 to C$20.50 in a research note on Saturday, July 14th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$20.25.

Shares of First Quantum Minerals stock opened at C$14.52 on Tuesday. First Quantum Minerals has a 12 month low of C$13.63 and a 12 month high of C$23.05.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Monday, July 30th. The company reported C$0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.28 by C$0.06. The business had revenue of C$1.35 billion for the quarter, compared to the consensus estimate of C$1.28 billion. First Quantum Minerals had a negative return on equity of 5.12% and a negative net margin of 10.51%.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, September 19th were issued a dividend of $0.005 per share. This represents a yield of 0.02%. The ex-dividend date of this dividend was Monday, August 27th.

First Quantum Minerals Company Profile

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 in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine 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.

Read More: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for First Quantum Minerals (TSE:FM)

Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply