Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals (TSE:FM – Free Report) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, BayStreet.CA reports. Deutsche Bank Aktiengesellschaft currently has C$26.00 price target on the stock, up from their prior price target of C$19.00.
A number of other research analysts have also recently issued reports on FM. Bank of America boosted their target price on First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$18.00 to C$17.00 and set a neutral rating for the company in a research note on Monday, May 27th. National Bank Financial raised First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research note on Thursday, February 29th. CIBC boosted their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a neutral rating in a research note on Thursday, June 20th. Finally, BMO Capital Markets cut First Quantum Minerals from an outperform rating to a market perform rating and boosted their target price for the company from C$17.00 to C$19.00 in a research note on Tuesday, May 21st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$19.10.
Check Out Our Latest Report on FM
First Quantum Minerals Stock Up 7.4 %
First Quantum Minerals (TSE:FM – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. The company had revenue of C$1.40 billion for the quarter, compared to analyst estimates of C$1.25 billion. On average, equities research analysts forecast that First Quantum Minerals will post 1.0067358 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Zenon Wozniak sold 49,250 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total transaction of C$885,022.50. 16.10% of the stock is currently owned by company insiders.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.
Recommended Stories
- Five stocks we like better than First Quantum Minerals
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- 3 Monster Growth Stocks to Buy Now
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Using the MarketBeat Stock Split Calculator
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
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.