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

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

Other equities analysts have also issued reports about the stock. Bank of America boosted their price objective on shares of First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. National Bankshares upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating and boosted their target price for the company from C$15.00 to C$16.50 in a research note on Friday, March 1st. Citigroup decreased 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 research note on Wednesday, January 10th. Stifel Nicolaus set a C$14.00 target price on shares of First Quantum Minerals and gave the company a hold rating in a research note on Tuesday, March 26th. Finally, CIBC boosted their target price on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the company a neutral rating in a research note on Wednesday, April 17th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of Hold and a consensus target price of C$16.85.

First Quantum Minerals Stock Performance

Shares of FM opened at C$15.94 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. The business’s 50 day moving average price is C$14.10 and its 200-day moving average price is C$15.08. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13. The stock has a market cap of C$13.29 billion, a P/E ratio of -8.52, a P/E/G ratio of -1.28 and a beta of 2.01.

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 analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The company had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.58 billion. Equities research analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share 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.