First Quantum Minerals (TSE:FM) Upgraded by BMO Capital Markets to Strong-Buy Rating

First Quantum Minerals (TSE:FM) was upgraded by stock analysts at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on FM. TD Securities boosted their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a report on Wednesday, April 9th. Raymond James lifted their price objective on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Finally, Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.77.

First Quantum Minerals Stock Performance

Shares of TSE FM 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 company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a market cap of C$9.49 billion, a price-to-earnings ratio of -6.18, a P/E/G ratio of -1.28 and a beta of 1.73. The stock’s fifty day moving average price is C$18.70 and its two-hundred day moving average price is C$18.75.

First Quantum Minerals (TSE:FM) last released 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 quarter last year, the business earned ($0.37) EPS. On average, equities analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Buying and Selling

In other news, Director Alison Cheryl Beckett bought 1,388 shares of First Quantum Minerals stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. Also, Director Charles Kevin Mcarthur bought 25,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$17.23 per share, with a total value of C$430,842.13. 19.35% of the stock is currently owned by insiders.

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.