First Quantum Minerals (TSE:FM)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a research note issued on Wednesday. They presently have a C$20.00 target price on the stock. BMO Capital Markets’ price objective suggests a potential upside of 81.98% from the stock’s current price.
FM has been the topic of a number of other research reports. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 10th. Raymond James cut their target price on First Quantum Minerals from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. JPMorgan Chase & Co. raised First Quantum Minerals from a “neutral” rating to an “overweight” rating and upped their target price for the company from C$15.20 to C$16.00 in a research note on Monday, November 19th. National Bank Financial cut their target price on First Quantum Minerals from C$18.25 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, November 5th. Finally, CIBC cut their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research note on Monday, October 1st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. First Quantum Minerals has a consensus rating of “Buy” and an average target price of C$19.79.
Shares of TSE FM opened at C$10.99 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 69.74. First Quantum Minerals has a 1-year low of C$9.45 and a 1-year high of C$23.05.
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 in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine 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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