First Quantum Minerals (TSE:FM) Price Target Cut to C$17.00

First Quantum Minerals (TSE:FM) had its price objective reduced by BMO Capital Markets from C$17.50 to C$17.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

FM has been the topic of several other reports. National Bankshares raised shares of First Quantum Minerals from a sector perform rating to an outperform rating and lifted their price target for the company from C$15.00 to C$16.50 in a report on Friday, March 1st. TD Securities lifted their price target on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the company a hold rating in a report on Monday, March 4th. Canaccord Genuity Group lifted their price target on shares of First Quantum Minerals from C$21.00 to C$22.00 in a report on Wednesday, April 17th. Jefferies Financial Group raised shares of First Quantum Minerals from a hold rating to a buy rating and lifted their price target for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. Finally, Bank of America lifted 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$16.96.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$18.27 on Wednesday. The firm has a 50 day moving average of C$14.31 and a 200-day moving average of C$14.89. The stock has a market capitalization of C$15.23 billion, a PE ratio of -9.77, a PEG ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. On average, equities research analysts predict that First Quantum Minerals will post 0.7906736 EPS for the current fiscal 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.