First Quantum Minerals (TSE:FM) Given New C$17.00 Price Target at BMO Capital Markets

First Quantum Minerals (TSE:FM) had its price target decreased by BMO Capital Markets from C$17.50 to C$17.00 in a research report released on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Canaccord Genuity Group boosted their target price on First Quantum Minerals from C$21.00 to C$22.00 in a research report on Wednesday, April 17th. National Bank Financial raised First Quantum Minerals from a sec perform spec market wgt rating to an outperform spec market weight rating in a research report on Thursday, February 29th. Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the company a hold rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley boosted their target price on First Quantum Minerals from C$17.00 to C$18.90 and gave the company an overweight rating in a research report on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of Hold and an average target price of C$16.85.

First Quantum Minerals Stock Up 2.7 %

Shares of FM opened at C$15.94 on Wednesday. The company has a market capitalization of C$13.29 billion, a PE ratio of -8.52, a PEG ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13. The stock’s 50-day moving average price is C$14.10 and its two-hundred day moving average price is C$15.08. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. On average, analysts anticipate that First Quantum Minerals will post 0.7906736 EPS for the current year.

First Quantum Minerals Company Profile

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, silver, gold, 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.