First Quantum Minerals Limited Stock Rating Upgraded by Canaccord Genuity (FM)
First Quantum Minerals Limited (TSE:FM) was upgraded by research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report released on Monday, AnalystRatingsNetwork reports. The firm currently has a C$25.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 17.87% from the company’s current price.
A number of other analysts have also recently weighed in on FM. Analysts at Paradigm Capital cut their price target on shares of First Quantum Minerals Limited from C$31.50 to C$31.00 in a research note on Monday. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$23.38.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.85% during mid-day trading on Monday, hitting $21.03. The stock had a trading volume of 858,126 shares. First Quantum Minerals Limited has a 1-year low of $14.22 and a 1-year 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 P/E ratio of 21.42.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 6th. Stockholders 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 1.75%. The ex-dividend date is Thursday, April 10th.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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