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First Quantum Minerals Limited (TSE:FM) was downgraded by analysts at GMP Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Shares of First Quantum Minerals Limited (TSE:FM) traded down 2.44% during mid-day trading on Friday, hitting $25.23. The stock had a trading volume of 1,809,878 shares. First Quantum Minerals Limited has a 1-year low of $15.63 and a 1-year high of $27.29. The stock has a 50-day moving average of $24.30 and a 200-day moving average of $21.71. The company has a market cap of $14.815 billion and a P/E ratio of 30.42.

First Quantum Minerals Limited (TSE:FM) last announced its earnings results on Friday, August 1st. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.02. On average, analysts predict that First Quantum Minerals Limited will post $1.04 earnings per share for the current fiscal year.

The company also recently announced a dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.0504 per share. This represents a dividend yield of 0.19%. The ex-dividend date is Tuesday, August 26th.

Several other analysts have also recently commented on the stock. Analysts at Paradigm Capital raised their price target on shares of First Quantum Minerals Limited from C$31.00 to C$33.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of First Quantum Minerals Limited from C$27.25 to C$29.50 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Scotiabank reiterated an “outperform” rating on shares of First Quantum Minerals Limited in a research note on Thursday. They now have a C$28.50 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. First Quantum Minerals Limited presently has an average rating of “Hold” and an average price target of C$26.22.

First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.

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