First Quantum Minerals (TSE:FM) PT Raised to C$13.00 at BMO Capital Markets

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First Quantum Minerals (TSE:FM) had its price objective lifted by BMO Capital Markets from C$11.50 to C$13.00 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 18.94% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank dropped their price target on shares of First Quantum Minerals from C$13.50 to C$11.00 in a research report on Wednesday, September 4th. Citigroup dropped their price target on shares of First Quantum Minerals from C$13.00 to C$11.00 in a research report on Thursday, August 8th. Macquarie reiterated a “neutral” rating and issued a C$11.20 price target on shares of First Quantum Minerals in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of First Quantum Minerals from C$10.00 to C$11.00 in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group dropped their target price on shares of First Quantum Minerals from C$14.50 to C$14.00 in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$13.93.

FM opened at C$10.93 on Monday. The firm has a market cap of $7.61 billion and a P/E ratio of 19.08. First Quantum Minerals has a 1-year low of C$7.84 and a 1-year high of C$16.63. The company has a 50 day simple moving average of C$10.28 and a two-hundred day simple moving average of C$11.44. The company has a debt-to-equity ratio of 90.68, a current ratio of 1.71 and a quick ratio of 0.99.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.10 by C$0.07. The firm had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.34 billion. Equities analysts anticipate that First Quantum Minerals will post 0.6100001 earnings per share for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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