First Quantum Minerals Limited Price Target Increased to C$26.00 by Analysts at TD Securities (FM)
Equities researchers at TD Securities boosted their target price on shares of First Quantum Minerals Limited (TSE:FM) from C$25.00 to C$26.00 in a research report issued on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 20.43% from the stock’s previous close.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 6th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, April 10th.
A number of other analysts have also recently weighed in on FM. Analysts at UBS AG raised their price target on shares of First Quantum Minerals Limited from C$21.00 to C$22.00 in a research note on Wednesday, February 12th. They now have a “neutral” rating on the stock. Separately, analysts at CSFB raised their price target on shares of First Quantum Minerals Limited from C$22.50 to C$24.00 in a research note on Wednesday, February 5th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of First Quantum Minerals Limited from C$24.00 to C$25.00 in a research note on Wednesday, January 29th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$22.97.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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