First Quantum Minerals (TSE:FM) Price Target Cut to C$17.00 by Analysts at BMO Capital Markets

First Quantum Minerals (TSE:FM - Get Free Report) had its price target lowered by investment analysts at BMO Capital Markets from C$17.50 to C$17.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective indicates a potential upside of 6.65% from the company's previous close.

Several other equities research analysts have also issued reports on FM. 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 research note on Thursday, February 29th. TD Securities increased their price target on First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a "hold" rating in a research note on Monday, March 4th. Raymond James boosted their price objective on First Quantum Minerals from C$16.00 to C$19.00 in a research note on Tuesday. Canaccord Genuity Group increased their target price on shares of First Quantum Minerals from C$21.00 to C$22.00 in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada raised shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$17.00 to C$18.00 in a research report on Monday, March 4th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, First Quantum Minerals has an average rating of "Hold" and a consensus price target of C$16.85.

First Quantum Minerals Stock Up 2.7 %

Shares of TSE:FM traded up C$0.42 during midday trading on Wednesday, hitting C$15.94. 2,260,536 shares of the company's stock were exchanged, compared to its average volume of 3,030,615. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13. The company has a market cap of C$13.29 billion, a PE ratio of -8.48, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. 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 50 day moving average price of C$14.01 and a 200-day moving average price of C$15.07.

First Quantum Minerals (TSE:FM - Get Free Report) last released 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 net margin of 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion during the quarter, compared to analysts' expectations of C$1.58 billion. On average, sell-side analysts anticipate that First Quantum Minerals will post 0.7906736 EPS 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.