First Quantum Minerals Limited (FM) Shares Down 4.1%
Shares of First Quantum Minerals Limited (TSE:FM) traded down 4.1% on Tuesday . The company traded as low as C$15.15 and last traded at C$15.19. 1,843,869 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 2,613,970 shares. The stock had previously closed at C$15.84.
A number of research firms have recently commented on FM. Deutsche Bank AG raised their price objective on shares of First Quantum Minerals Limited from C$18.00 to C$19.00 in a report on Friday. Scotiabank reaffirmed an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a report on Monday, September 18th. CIBC reaffirmed a “neutral” rating and set a C$15.50 price objective on shares of First Quantum Minerals Limited in a report on Friday, September 15th. Berenberg Bank raised their price objective on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a report on Friday, September 8th. Finally, BNP Paribas raised shares of First Quantum Minerals Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$16.95.
The company’s market capitalization is $10.42 billion. The firm’s 50 day moving average is $14.42 and its 200-day moving average is $12.97.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th were issued a $0.005 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.13%.
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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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