First Quantum Minerals (TSE:FM) had its price objective lowered by BMO Capital Markets from C$16.00 to C$15.25 in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity reduced their price target on First Quantum Minerals from C$18.50 to C$18.00 in a research report on Monday, January 28th. JPMorgan Chase & Co. upped their price target on First Quantum Minerals from C$16.20 to C$16.70 in a research report on Thursday, January 31st. Beacon Securities reaffirmed a buy rating and set a C$21.00 price target on shares of First Quantum Minerals in a research report on Tuesday, February 5th. Jefferies Financial Group set a C$19.00 price target on First Quantum Minerals in a research report on Thursday, February 7th. Finally, Goldman Sachs Group downgraded First Quantum Minerals from a buy rating to a neutral rating in a research report on Tuesday, February 12th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. First Quantum Minerals presently has an average rating of Buy and an average price target of C$16.96.
TSE FM opened at C$9.82 on Thursday. First Quantum Minerals has a 52-week low of C$9.45 and a 52-week high of C$23.05. The company has a debt-to-equity ratio of 87.75, a current ratio of 2.10 and a quick ratio of 1.25. The company has a market cap of $6.73 billion and a P/E ratio of 15.11.
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 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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