First Quantum Minerals (TSE:FM) Stock Rating Lowered by BMO Capital Markets

First Quantum Minerals (TSE:FM) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, MarketBeat.com reports. They presently have a C$19.00 target price on the stock, up from their prior target price of C$17.00. BMO Capital Markets’ price target indicates a potential upside of 1.82% from the stock’s current price.

Several other equities analysts have also recently commented on FM. Eight Capital boosted their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. CIBC boosted their price target on shares of First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. TD Securities boosted their price target on shares of First Quantum Minerals from C$17.00 to C$18.00 and gave the company a “hold” rating in a report on Thursday, April 25th. National Bank Financial upgraded shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a report on Thursday, February 29th. Finally, Stifel Nicolaus set a C$14.00 price objective on shares of First Quantum Minerals and gave the stock a “hold” rating in a report on Tuesday, March 26th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$17.14.

First Quantum Minerals Price Performance

TSE FM opened at C$18.66 on Tuesday. The stock has a market capitalization of C$15.55 billion, a P/E ratio of -8.08, a P/E/G ratio of -1.28 and a beta of 1.96. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13. The business’s fifty day moving average is C$16.29 and its two-hundred day moving average is C$13.87. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.19) by C($0.08). First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%. The firm had revenue of C$1.40 billion for the quarter, compared to analysts’ expectations of C$1.25 billion. On average, research analysts forecast that First Quantum Minerals will post 1.0067358 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.