First Quantum Minerals Ltd (FM) Receives a Buy from BMO Capital


First Quantum Minerals Ltd (FM), the Materials sector company, was revisited by a Wall Street analyst today. BMO Capital’s analyst Jackie Przybylowski reiterates their Buy rating on the shares, with a C$18 price target.

According to TipRanks.com, Przybylowski is a 3-star analyst with an average return of 6.1% and a 66.7% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Teck Resources Limited, and Hudbay Minerals Inc.

First Quantum Minerals Ltd has an analyst consensus of Strong Buy, with a price target consensus of C$17.67, representing a 24.6% upside. 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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The company has a one-year high of C$23.05 and a one-year low of C$9.45. Currently, First Quantum Minerals Ltd has an average volume of 3.25M.

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 Tuesday at C$14.18.