First Quantum Minerals Limited (FM) PT Raised to C$22.00
First Quantum Minerals Limited (TSE:FM) had its target price boosted by stock analysts at Deutsche Bank AG from C$20.00 to C$22.00 in a report released on Friday. Deutsche Bank AG’s price target suggests a potential upside of 52.57% from the stock’s current price.
Several other equities research analysts have also issued reports on FM. Berenberg Bank reduced their target price on shares of First Quantum Minerals Limited from C$11.00 to C$8.25 in a report on Wednesday, November 30th. Goldman Sachs Group Inc raised shares of First Quantum Minerals Limited from a “sell” rating to a “neutral” rating and increased their target price for the stock from C$8.00 to C$16.50 in a report on Wednesday, November 30th. Canaccord Genuity increased their target price on shares of First Quantum Minerals Limited from C$14.50 to C$20.00 in a report on Monday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of First Quantum Minerals Limited from C$6.70 to C$9.50 and gave the company an “underweight” rating in a report on Wednesday, December 14th. Finally, Jefferies Group LLC set a C$20.00 price objective on shares of First Quantum Minerals Limited and gave the company a “buy” rating in a report on Friday, January 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$15.60.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 14.42 on Friday. The company’s market capitalization is $9.85 billion. First Quantum Minerals Limited has a one year low of $5.38 and a one year high of $17.55. The stock has a 50 day moving average of $15.17 and a 200-day moving average of $13.83.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Monday, April 17th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Wednesday, April 12th.
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About First Quantum Minerals Limited
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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