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

First Quantum Minerals (TSE:FM - Get Free Report) had its price objective upped by stock analysts at BMO Capital Markets from C$7.50 to C$8.50 in a note issued to investors on Wednesday, BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential downside of 42.49% from the company's current price.

A number of other research analysts also recently issued reports on the company. Citigroup cut their price target on First Quantum Minerals from C$32.00 to C$14.00 and set a "neutral" rating on the stock in a report on Wednesday, January 10th. CIBC dropped their target price on First Quantum Minerals from C$15.00 to C$14.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 21st. National Bank Financial upgraded First Quantum Minerals from a "sec perform spec market wgt" rating to an "outperform spec market weight" rating in a research note on Thursday, February 29th. Scotiabank dropped their target price on First Quantum Minerals from C$14.50 to C$13.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their target price on First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 6th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of "Hold" and an average target price of C$16.02.

First Quantum Minerals Trading Down 4.5 %

FM traded down C$0.69 during trading on Wednesday, hitting C$14.78. 3,043,059 shares of the stock were exchanged, compared to its average volume of 3,031,435. The firm has a 50 day simple moving average of C$13.65 and a 200 day simple moving average of C$15.58. The firm has a market cap of C$12.32 billion, a price-to-earnings ratio of -7.90, a P/E/G 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. 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 (TSE:FM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of C$1.66 billion for 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, equities analysts expect 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.