First Quantum Minerals Limited (TSE:FM) – Equities research analysts at Raymond James Financial reduced their Q3 2016 EPS estimates for First Quantum Minerals Limited in a research note issued to investors on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.06. Raymond James Financial also issued estimates for First Quantum Minerals Limited’s FY2016 earnings at $0.32 EPS.
Other equities research analysts have also issued research reports about the company. Dundee Securities lowered First Quantum Minerals Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$13.00 in a research note on Friday. Barclays PLC lowered their price target on First Quantum Minerals Limited from C$10.00 to C$9.20 in a research report on Wednesday, September 21st. Jefferies Group set a C$14.00 price target on First Quantum Minerals Limited and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. raised their price target on First Quantum Minerals Limited from C$5.50 to C$5.75 and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Finally, Cormark upgraded First Quantum Minerals Limited from a “market perform” rating to a “buy” rating in a research report on Tuesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. First Quantum Minerals Limited has an average rating of “Hold” and a consensus target price of C$10.18.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 10.65 on Friday. The firm has a 50 day moving average price of $10.55 and a 200-day moving average price of $9.65. The company’s market cap is $7.30 billion. First Quantum Minerals Limited has a 52-week low of $2.15 and a 52-week high of $12.34.
About First Quantum Minerals Limited
First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.
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