BMO Capital Reiterates a Buy Rating on First Quantum Minerals Ltd (FM)


The Materials sector company, First Quantum Minerals Ltd (FM), has received a rating update from a Wall Street analyst on February 15. The company received a Buy on February 15 from BMO Capital’s analyst Jackie Przybylowski, with a C$18 price target.

According to TipRanks.com, Przybylowski is a 3-star analyst with an average return of 8.9% and a 60.0% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Teck Resources Limited, and Hudbay Minerals Inc.

Currently, the analyst consensus on First Quantum Minerals Ltd is a Strong Buy with an average price target of C$17.67, a 20.6% upside from current levels. In a report issued on February 5, Beacon also maintained a Buy rating on the stock with a C$21 price target.

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First Quantum Minerals Ltd’s market cap is currently C$9.71B and has a P/E ratio of 55.1. The company has a Price to Book ratio of 0.77.

First Quantum Minerals Ltd. engages in the production of copper, nickel, gold, zinc, and acid. It has operating mines in Zambia, Finland, Turkey, Spain, and Mauritania. It also develops Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru, and the Taca Taca copper-gold-molybdenum deposit in Argentina.

The company’s shares closed on Wednesday at C$14.65.