First Quantum Minerals Ltd (FM), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Jackie Przybylowski from BMO Capital remains bullish on the stock and has a C$15.25 price target.
According to TipRanks.com, Przybylowski is ranked 0 out of 5 stars with an average return of -12.6% and a 10.7% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Teck Resources Limited, and Hudbay Minerals Inc.
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First Quantum Minerals Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$17.25.
Based on First Quantum Minerals Ltd’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$70.46 million. In comparison, last year the company had a net profit of C$59.45 million.
First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other.
The company’s shares closed on Tuesday at C$11.09, close to its 52-week low of C$9.45.
