First Quantum Minerals (TSE:FM) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of First Quantum Minerals (TSE:FM) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other brokerages have also weighed in on FM. Barclays decreased their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Stifel Canada raised First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. Scotiabank reduced their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, Royal Bank of Canada increased their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$21.77.

First Quantum Minerals Trading Up 0.6 %

First Quantum Minerals stock opened at C$16.72 on Tuesday. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28. The business’s fifty day moving average is C$18.70 and its 200 day moving average is C$18.75. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The stock has a market capitalization of C$9.49 billion, a PE ratio of -6.18, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period last year, the firm earned ($0.37) earnings per share. On average, sell-side analysts predict that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. Also, Director Alison Cheryl Beckett bought 1,388 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of C$19.25 per share, with a total value of C$26,719.00. Insiders own 19.35% of the company’s stock.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.