BMO Capital Markets Reaffirms Maintenance Rating of First Quantum Minerals (TSE: FM)


First Quantum Minerals (TSE: FM)BMO’s stock had its “hold” rating restated by BMO Capital Markets investment analysts in a research report released Friday, reports Stock Target Advisor.

FM has been the subject of a number of other reports. CSFB Downgraded First Quantum Minerals from “Outperforming” to “Neutral” and Raised its Target Price for the Share from Cdn $ 16.00 to Cdn $ 25.00 in a Research Report Released on Friday September 10. Citigroup reduced its price target on First Quantum Minerals from C $ 33.00 to C $ 32.00 in a report released on Friday, July 30. National Bankshares lowered its price target for First Quantum Minerals from C $ 37.50 to C $ 36.50 and established an “outperform” rating for the stock in a research note on Friday, September 10. CLSA raised its price target on First Quantum Minerals to C $ 41.30 and rated the company as “outperforming” in a report released on Tuesday, August 10. Finally, Scotiabank raised its target price on First Quantum Minerals from C $ 34.00 to C $ 40.00 in a report released on Monday, July 12. Two investment analysts gave the stock a sell rating, seven assigned a conservation rating, and six gave the company’s stock a buy rating. According to MarketBeat data, the company currently has a consensus rating of “Hold” and an average price target of C $ 32.35.

TSE FM traded up C $ 0.07 on Friday, reaching C $ 23.52. The stock had a trading volume of 1,570,143 shares, compared to its average volume of 2,349,592. The company has a fifty-day moving average of C $ 24.84 and a two hundred-day moving average of 26 , $ 68 CAD. The company has a market capitalization of 16.25 billion Canadian dollars and a P / E ratio of 40.12. The company has a debt to equity ratio of 94.39, a current ratio of 1.67, and a quick ratio of 1.01. First Quantum Minerals has a one-year low at C $ 11.26 and a one-year high at C $ 35.07.

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First Quantum Minerals (TSE: FM) last reported its results on Tuesday July 27. The company reported EPS of C $ 0.25 for the quarter, missing the consensus estimate of C $ 0.31 per C $ 0.06. The company reported sales of C $ 2.27 billion in the quarter, compared to analysts’ expectations of C $ 2.26 billion. Research analysts predict that First Quantum Minerals will post EPS of 2.9400001 for the current fiscal year.

About First Quantum Minerals

First Quantum Minerals Ltd. is dedicated to the exploration, development and production of mineral properties. It mainly explores the ores of copper, nickel, pyrite, gold, silver and zinc, and produces acid. The company owns a 100% interest in the Ravensthorpe nickel and cobalt mine in Australia; the Sentinel copper project in the North West Province of Zambia; the Las Cruces copper mine in Spain; the Guelb Moghrein copper-gold mine in Mauritania; the Pyhäsalmi copper, pyrite and zinc mine in Finland; and the Ayeli copper-zinc mine in Turkey.

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Analyst Recommendations for First Quantum Minerals (TSE: FM)

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