First Quantum Minerals Limited Price Target Cut to C$31.00 (FM)
Research analysts at Paradigm Capital cut their price objective on shares of First Quantum Minerals Limited (TSE:FM) from C$31.50 to C$31.00 in a report released on Monday, Analyst Ratings Network reports. Paradigm Capital’s price target indicates a potential upside of 46.16% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of First Quantum Minerals Limited from C$22.00 to C$21.50 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of First Quantum Minerals Limited from C$25.00 to C$26.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. First Quantum Minerals Limited has a consensus rating of “Buy” and a consensus price target of C$23.38.
First Quantum Minerals Limited (TSE:FM) traded down 0.85% during mid-day trading on Monday, hitting $21.03. 858,126 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 52-week low of $14.22 and a 52-week high of $21.95. The stock has a 50-day moving average of $20.02 and a 200-day moving average of $18.81. The company has a market cap of $12.331 billion and a price-to-earnings ratio of 21.42.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, May 6th. Stockholders of record on Monday, April 14th will be given a dividend of $0.093 per share. This represents a $0.37 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, April 10th.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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