First Quantum Mnrl (TSX: FM), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Oscar Cabrera from CIBC reiterated a Hold rating, with a C$16 price target.
According to TipRanks.com, Cabrera is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -23.4% and a 18.2% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Capstone Mining Corp, and Hudbay Minerals Inc.
Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering
The word on The Street in general, suggests a Strong Buy analyst consensus rating for First Quantum Mnrl with a C$20.38 average price target.
First Quantum Mnrl’s market cap is currently C$8.02B and has a P/E ratio of 333.9. The company has a Price to Book ratio of 0.66.
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$13.14.
