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

The Materials sector company, First Quantum Minerals Ltd (FMResearch Report), has received a rating update from a Wall Street analyst on June 27. The company received a Buy on June 27 from BMO Capital’s analyst Jackie Przybylowski, with a C$13 price target.

According to TipRanks.com, Przybylowski is a 1-star analyst with an average return of -4.0% and a 38.9% success rate. Przybylowski covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, First Quantum Minerals Ltd, and Teck Resources Limited.

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First Quantum Minerals Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$16.63, representing a 33.7% upside. In a report issued on June 27, RBC Capital also maintained a Buy rating on the stock with a C$18 price target.

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First Quantum Minerals Ltd’s market cap is currently C$8.52B and has a P/E ratio of 13.8. The company has a Price to Book ratio of 0.67.

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 Friday at C$12.44.