First Quantum Minerals (FM) Price Target Cut to C$15.25 by Analysts at BMO Capital Markets

First Quantum Minerals (TSE:FM) had its target price dropped by stock analysts at BMO Capital Markets from C$16.00 to C$15.25 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 53.27% from the company’s previous close.

FM has been the topic of several other research reports. Raymond James lowered their price objective on shares of First Quantum Minerals from C$21.00 to C$19.00 in a report on Monday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of First Quantum Minerals from C$16.20 to C$16.70 in a report on Thursday, January 31st. TD Securities downgraded shares of First Quantum Minerals from an “action list buy” rating to a “buy” rating and lowered their price objective for the stock from C$21.00 to C$18.50 in a report on Thursday. National Bank Financial lowered their price objective on shares of First Quantum Minerals from C$16.00 to C$13.50 and set a “sector perform” rating on the stock in a report on Thursday. Finally, CIBC upped their target price on shares of First Quantum Minerals from C$17.00 to C$18.00 in a research note on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$17.22.

Shares of First Quantum Minerals stock traded up C$0.12 during trading on Thursday, reaching C$9.95. 3,737,615 shares of the company traded hands, compared to its average volume of 3,006,429. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 87.75. First Quantum Minerals has a 1-year low of C$9.45 and a 1-year high of C$23.05. The company has a market capitalization of $6.96 billion and a PE ratio of 15.31.

First Quantum Minerals Company Profile

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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