JPMorgan Chase & Co. Lowers First Quantum Minerals (TSE:FM) Price Target to C$40.00 – MarketBeat

Written by Amanda

First Quantum Minerals (TSE:FMGet Rating) had its price objective cut by investment analysts at JPMorgan Chase & Co. from C$45.00 to C$40.00 in a research note issued on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 63.67% from the company’s current price.

FM has been the subject of several other reports. The Goldman Sachs Group lowered First Quantum Minerals to a “hold” rating and set a C$42.00 target price for the company. in a research report on Wednesday, March 9th. Jefferies Financial Group increased their target price on shares of First Quantum Minerals from C$50.00 to C$53.00 in a research report on Wednesday, March 9th. Canaccord Genuity Group upgraded First Quantum Minerals to a “buy” rating and set a C$44.00 price objective on the stock in a research note on Thursday, April 28th. TD Securities decreased their target price on First Quantum Minerals from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Finally, National Bankshares increased their price target on First Quantum Minerals from C$40.00 to C$48.00 in a research note on Friday, April 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$39.22.


What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!

When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

TSE:FM traded up C$0.02 on Monday, hitting C$24.44. The stock had a trading volume of 847,648 shares, compared to its average volume of 2,158,909. The company has a market cap of C$16.91 billion and a PE ratio of 12.17. First Quantum Minerals has a 52 week low of C$20.67 and a 52 week high of C$45.38. The business’s fifty day moving average is C$33.10 and its 200 day moving average is C$35.06. The company has a quick ratio of 1.58, a current ratio of 2.35 and a debt-to-equity ratio of 65.34.

First Quantum Minerals (TSE:FMGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported C$0.89 EPS for the quarter, topping the consensus estimate of C$0.82 by C$0.07. The business had revenue of C$2.74 billion for the quarter, compared to the consensus estimate of C$2.55 billion. Equities analysts predict that First Quantum Minerals will post 3.1199999 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile (Get Rating)

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, gold, silver, 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in First Quantum Minerals right now?

Before you consider First Quantum Minerals, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and First Quantum Minerals wasn’t on the list.

While First Quantum Minerals currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

Source: marketbeat.com

About the author


Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai