First Quantum Minerals Limited Receives Consensus Rating of “Hold” from Brokerages (TSE:FM)
Shares of First Quantum Minerals Limited (TSE:FM) have received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, ARN reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$26.56.
Several analysts have recently commented on the stock. Analysts at Haywood Securities downgraded shares of First Quantum Minerals Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 5th. Separately, analysts at GMP Securities downgraded shares of First Quantum Minerals Limited from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, 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, August 1st. They now have a “buy” rating on the stock.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 1.35% on Thursday, hitting $24.13. 357,388 shares of the company’s stock traded hands. First Quantum Minerals Limited has a 1-year low of $16.47 and a 1-year high of $27.29. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $22.02. The company has a market cap of $14.168 billion and a price-to-earnings ratio of 25.22.
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. Analysts expect that First Quantum Minerals Limited will post $1.01 EPS for the current fiscal year.
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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