First Quantum Minerals (TSE:FM) Price Target Increased to C$8.50 by Analysts at BMO Capital Markets

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

A number of other brokerages have also weighed in on FM. Raymond James upped their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 in a research report on Wednesday, March 20th. Jefferies Financial Group upgraded shares of First Quantum Minerals from a hold rating to a buy rating and upped their target price for the stock from C$13.00 to C$18.00 in a research report on Thursday, February 22nd. Royal Bank of Canada upgraded 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 research report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on shares of First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. Finally, Citigroup lowered their price objective 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 report on Wednesday, January 10th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of C$16.02.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$14.78 on Wednesday. The firm has a fifty day moving average price of C$13.65 and a 200-day moving average price of C$15.58. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. The stock has a market cap of C$12.32 billion, a PE ratio of -7.90, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13.

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). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The firm had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. Equities analysts anticipate that First Quantum Minerals will post 0.7906736 earnings per share for the current fiscal year.

About First Quantum Minerals

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.