First Quantum Minerals (TSE:FM) Price Target Increased to C$10.00 by Analysts at BMO Capital Markets

First Quantum Minerals (TSE:FM - Free Report) had its price target upped by BMO Capital Markets from C$8.50 to C$10.00 in a report released on Thursday, BayStreet.CA reports.

FM has been the subject of several other research reports. National Bankshares upgraded First Quantum Minerals from a sector perform rating to an outperform rating and increased their price target for the stock from C$15.00 to C$16.50 in a research note on Friday, March 1st. TD Securities raised their target price on First Quantum Minerals from C$17.00 to C$18.00 and gave the stock a hold rating in a research note on Thursday, April 25th. Royal Bank of Canada upgraded First Quantum Minerals from a sector perform rating to an outperform rating and lifted their price target for the company from C$17.00 to C$18.00 in a research report on Monday, March 4th. Canaccord Genuity Group dropped their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a buy rating for the company in a research report on Thursday, April 25th. Finally, CIBC lifted their price target on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals presently has an average rating of Hold and a consensus price target of C$16.61.

First Quantum Minerals Trading Down 1.7 %

Shares of First Quantum Minerals stock traded down C$0.32 on Thursday, hitting C$18.04. The stock had a trading volume of 2,587,684 shares, compared to its average volume of 3,138,884. The stock has a 50 day moving average of C$15.32 and a 200 day moving average of C$14.18. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The firm has a market capitalization of C$15.04 billion, a P/E ratio of -7.74, a PEG ratio of -1.28 and a beta of 2.01. 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 - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share 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 12.97% and a negative net margin of 20.02%. The firm had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion. Sell-side analysts expect that First Quantum Minerals will post 0.9626943 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.