First Quantum Minerals Limited (FM) Releases Quarterly Earnings Results
First Quantum Minerals Limited (TSE:FM) announced its earnings results on Friday. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02, AmericanBankingNews.com reports.
Several analysts have recently commented on the stock. 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. On a related note, 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. Finally, analysts at TD Securities downgraded shares of First Quantum Minerals Limited from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a C$30.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. First Quantum Minerals Limited has an average rating of “Hold” and a consensus price target of C$26.11.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 25.86 on Friday. First Quantum Minerals Limited has a 52 week low of $15.63 and a 52 week high of $27.29. The stock’s 50-day moving average is $24.30 and its 200-day moving average is $21.71. The company has a market cap of $15.185 billion and a P/E ratio of 31.80.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, September 19th will be given a dividend of $0.0504 per share. This represents a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, August 26th.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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