Raymond James analyst Farooq Hamed maintained a Hold rating on First Quantum Minerals (OTC:FQVLF) Ltd on Wednesday, setting a price target of C$14.5, which is approximately 45.60% above the present share price of $9.96.
Hamed expects First Quantum (NASDAQ:QMCO) Minerals Ltd to post earnings per share (EPS) of -$0.09 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in First Quantum Minerals, with an average price target of $8.33.
The analysts price targets range from a high of $11.77 to a low of $0.51.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.18 billion and a net profit of $128 million. The company's market cap is $7.04 billion.
According to TipRanks.com, Raymond James analyst Farooq Hamed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.5% and a 34.85% success rate.
First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Cobre Panama, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other. The Corporate and Other segment deals with the evaluation and acquisition of new mineral properties, regulatory reporting, treasury and finance, and corporate administration. The company was founded by Philip K.R. Pascall, Geoffrey Clive Newall, and Martin R. Rowley on December 21, 1983 and is headquartered in Toronto, Canada.