Analysts See $0.16 EPS for First Quantum Minerals Limited (FM)

July 18, 2017 - By Vivian Currie

 Analysts See $0.16 EPS for First Quantum Minerals Limited (FM)

Analysts expect First Quantum Minerals Limited (TSE:FM) to report $0.16 EPS on July, 26.They anticipate $0.10 EPS change or 166.67 % from last quarter’s $0.06 EPS. T_FM’s profit would be $107.64 million giving it 21.39 P/E if the $0.16 EPS is correct. After having $-0.12 EPS previously, First Quantum Minerals Limited’s analysts see -233.33 % EPS growth. The stock increased 8.82% or $1.11 on July 17, reaching $13.69. About 3.40 million shares traded or 26.39% up from the average. First Quantum Minerals Limited (TSE:FM) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

First Quantum Minerals Limited (TSE:FM) Ratings Coverage

Among 16 analysts covering First Quantum Minerals (TSE:FM), 8 have Buy rating, 4 Sell and 4 Hold. Therefore 50% are positive. First Quantum Minerals had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 6. The firm has “Buy” rating given on Friday, August 7 by TD Securities. The firm has “Neutral” rating by Dundee Securities given on Friday, October 14. On Wednesday, October 7 the stock rating was maintained by JP Morgan with “Neutral”. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained First Quantum Minerals Limited (TSE:FM) rating on Monday, April 24. RBC Capital Markets has “Sector Perform” rating and $19 target. The rating was upgraded by Scotia Capital on Friday, December 18 to “Outperform”. BNP Paribas maintained the stock with “” rating in Friday, July 29 report. The rating was downgraded by BMO Capital Markets to “Market Perform (Speculative)” on Thursday, February 18. Berenberg downgraded the stock to “Sell” rating in Friday, July 8 report.

First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The company has market cap of $9.21 billion. The Company’s divisions include individual mine development projects or mine activities and the Corporate & other segment. It has a 127.67 P/E ratio. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.

More notable recent First Quantum Minerals Limited (TSE:FM) news were published by: Seekingalpha.com which released: “First Quantum Minerals’ (FQVLF) CEO Philip KR Pascall on Q1 2017 Results …” on April 29, 2017, also Bloomberg.com with their article: “Zambia’s Lungu Orders Case Against First Quantum Be Dropped” published on May 10, 2017, Business.Financialpost.com published: “Teck Resources Ltd and First Quantum Minerals Ltd upgraded at Canaccord” on July 25, 2016. More interesting news about First Quantum Minerals Limited (TSE:FM) were released by: Bloomberg.com and their article: “First Quantum Asks Zambian Attorney General to Block Charges” published on May 09, 2017 as well as Bloomberg.com‘s news article titled: “First Quantum Faces $1.4 Billion Claim From Zambian Firm” with publication date: November 14, 2016.

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