Todays Report: The First Quantum Minerals Limited (FM) Forecasted to Earn Q3 2016 Earnings of $0.05 Per Share

The First Quantum Minerals Limited (FM) Forecasted to Earn Q3 2016 Earnings of $0.05 Per Share

First Quantum Minerals Limited (TSE:FM) – Investment analysts at Raymond James Financial cut their Q3 2016 earnings per share (EPS) estimates for First Quantum Minerals Limited in a report issued on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. Raymond James Financial also issued estimates for First Quantum Minerals Limited’s FY2016 earnings at $0.32 EPS.

Several other research analysts also recently commented on the company. Barclays PLC reduced their price objective on First Quantum Minerals Limited from C$10.00 to C$9.20 in a research note on Wednesday, September 21st. BNP Paribas set a C$8.60 price objective on First Quantum Minerals Limited in a research note on Friday, July 29th. Canaccord Genuity increased their price objective on First Quantum Minerals Limited from C$11.75 to C$13.50 in a research note on Friday, July 29th. Goldman Sachs Group Inc. increased their price objective on First Quantum Minerals Limited from C$5.00 to C$5.50 and gave the company a “sell” rating in a research note on Tuesday, July 12th. Finally, Jefferies Group set a C$14.00 price objective on First Quantum Minerals Limited and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Five analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. First Quantum Minerals Limited presently has a consensus rating of “Hold” and a consensus target price of C$10.18.

Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.801% during mid-day trading on Friday, hitting $10.525. 1,443,729 shares of the stock were exchanged. First Quantum Minerals Limited has a 12 month low of $2.15 and a 12 month high of $12.34. The stock’s market cap is $7.22 billion. The company has a 50-day moving average price of $10.55 and a 200-day moving average price of $9.62.

Related posts

Leave a Comment