TD Securities Boosts First Quantum Minerals Limited (TSE:FM) Price Target to C$20.00
First Quantum Minerals Limited (TSE:FM) had its price target lifted by TD Securities from C$19.00 to C$20.00 in a research note issued to investors on Thursday. They currently have a buy rating on the stock.
FM has been the subject of several other reports. Barclays PLC decreased their price target on shares of First Quantum Minerals Limited from C$14.20 to C$14.00 in a report on Friday, April 21st. Scotiabank set a C$16.00 price target on shares of First Quantum Minerals Limited and gave the company an outperform rating in a report on Friday, July 28th. Jefferies Group LLC decreased their price target on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a report on Thursday, June 8th. National Bank Financial decreased their price target on shares of First Quantum Minerals Limited from C$15.25 to C$15.00 and set a sector perform rating for the company in a report on Wednesday. Finally, CSFB reaffirmed an outperform rating and issued a C$18.00 price target on shares of First Quantum Minerals Limited in a report on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$15.88.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 12.41 on Thursday. The stock’s market cap is $8.51 billion. The firm has a 50-day moving average price of $12.53 and a 200-day moving average price of $13.30. First Quantum Minerals Limited has a 12 month low of $9.63 and a 12 month high of $17.55.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, August 24th.
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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