Analysts Set First Quantum Minerals Limited (FM) Price Target at $15.88
First Quantum Minerals Limited (TSE:FM) has earned a consensus rating of “Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$15.88.
A number of brokerages have recently commented on FM. National Bank Financial cut their price objective 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 research report on Wednesday, August 9th. Scotiabank set a C$16.00 price target on shares of First Quantum Minerals Limited and gave the stock an “outperform” rating in a research report on Friday, July 28th. TD Securities dropped their price target on shares of First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Monday, July 31st. Royal Bank Of Canada dropped their price target on shares of First Quantum Minerals Limited from C$16.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Monday, July 31st. Finally, Eight Capital reissued a “buy” rating on shares of First Quantum Minerals Limited in a research report on Thursday, August 17th.
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First Quantum Minerals Limited (TSE:FM) traded up 5.41% on Wednesday, hitting $15.20. The stock had a trading volume of 3,001,329 shares. The company’s 50-day moving average is $13.21 and its 200-day moving average is $13.08. The stock’s market cap is $10.42 billion. First Quantum Minerals Limited has a one year low of $9.63 and a one year high of $17.55.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, August 24th.
First Quantum Minerals Limited Company Profile
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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