First Quantum Minerals Limited Receives Consensus Recommendation of “Hold” from Brokerages (TSE:FM)
Shares of First Quantum Minerals Limited (TSE:FM) have been given an average rating of “Hold” by the twenty-one ratings firms that are covering the stock, Analyst Ratings.Net reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$26.56.
FM has been the subject of a number of recent research reports. 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) opened at 24.05 on Thursday. 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 $25.21 and its 200-day moving average is $22.07. The company has a market cap of $14.121 billion and a P/E ratio of 24.71.
First Quantum Minerals Limited (TSE:FM) last released its earnings data on Friday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Analysts expect that First Quantum Minerals Limited will post $1.01 earnings per share for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Stockholders 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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