First Quantum Minerals (TSE:FM) had its target price increased by Eight Capital from C$25.00 to C$26.00 in a report published on Tuesday morning.

A number of other analysts have also commented on the company. Barclays lifted their price target on First Quantum Minerals from C$12.65 to C$15.10 in a research note on Tuesday, October 24th. Scotiabank reissued an outperform rating and set a C$17.00 price target on shares of First Quantum Minerals in a research note on Monday, October 30th. National Bank Financial lifted their price target on First Quantum Minerals from C$15.00 to C$17.00 and gave the company a sector perform rating in a research note on Wednesday, October 18th. Raymond James Financial lifted their price target on First Quantum Minerals from C$16.00 to C$18.00 in a research note on Monday, October 23rd. Finally, Goldman Sachs Group upgraded First Quantum Minerals from a neutral rating to a buy rating in a research report on Monday, December 11th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. First Quantum Minerals presently has an average rating of Buy and an average target price of C$20.81.

Shares of First Quantum Minerals (TSE:FM) opened at C$20.22 on Tuesday. First Quantum Minerals has a 12 month low of C$9.69 and a 12 month high of C$20.31. The company has a market capitalization of $13,940.00, a PE ratio of -57.77 and a beta of 3.02.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 8th. Shareholders of record on Tuesday, April 17th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.10%. First Quantum Minerals’s payout ratio is currently -2.18%.

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About First Quantum Minerals

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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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