First Quantum Minerals (TSE:FM) PT Lowered to C$17.00 at BMO Capital Markets

First Quantum Minerals (TSE:FM) had its price objective lowered by BMO Capital Markets from C$17.50 to C$17.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also commented on FM. Royal Bank of Canada upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating and raised their price target for the company from C$17.00 to C$18.00 in a report on Monday, March 4th. Scotiabank cut their price target on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a sector perform rating on the stock in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price target on shares of First Quantum Minerals from C$12.00 to C$18.00 and gave the company a neutral rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$14.00 price target on shares of First Quantum Minerals and gave the company a hold rating in a report on Tuesday, March 26th. Finally, Bank of America raised their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 in a report on Tuesday, April 9th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of Hold and an average price target of C$16.96.

First Quantum Minerals Trading Up 12.5 %

Shares of FM stock opened at C$18.27 on Wednesday. The firm has a market cap of C$15.23 billion, a P/E ratio of -9.77, a PEG 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 current ratio of 1.72 and a quick ratio of 1.41. The firm’s 50-day simple moving average is C$14.31 and its 200-day simple moving average is C$15.00.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The company 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 forecast that First Quantum Minerals will post 0.7906736 EPS for the current 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.