BMO Capital Markets Boosts First Quantum Minerals (TSE:FM) Price Target to C$8.50

First Quantum Minerals (TSE:FM) had its price target raised by BMO Capital Markets from C$7.50 to C$8.50 in a research note released on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on FM. Scotiabank dropped their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and upped their target price for the stock from C$17.00 to C$18.00 in a report on Monday, March 4th. Citigroup dropped their target price on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a neutral rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus set a C$14.00 target price on shares of First Quantum Minerals and gave the stock a hold rating in a report on Tuesday, March 26th. Finally, Jefferies Financial Group raised shares of First Quantum Minerals from a hold rating to a buy rating and boosted their price target for the company from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, First Quantum Minerals has an average rating of Hold and an average target price of C$16.02.

First Quantum Minerals Price Performance

Shares of TSE FM opened at C$14.78 on Wednesday. The firm has a market cap of C$12.32 billion, a PE ratio of -7.90, a PEG ratio of -1.28 and a beta of 2.01. The firm has a fifty day moving average of C$13.65 and a 200 day moving average of C$15.58. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. As a group, research analysts predict that First Quantum Minerals will post 0.7906736 EPS for the current fiscal 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.