First Quantum Minerals Limited Price Target Raised to C$28.00 (FM)
Raymond James boosted their price objective on shares of First Quantum Minerals Limited (TSE:FM) from C$26.00 to C$28.00 in a research note issued on Tuesday. Raymond James’ target price would indicate a potential upside of 11.78% from the company’s current price.
First Quantum Minerals Limited (TSE:FM) traded up 1.24% on Tuesday, hitting $25.36. The stock had a trading volume of 314,090 shares. First Quantum Minerals Limited has a 52 week low of $16.47 and a 52 week high of $27.29. The stock’s 50-day moving average is $25.30 and its 200-day moving average is $22.30. The company has a market cap of $14.890 billion and a P/E ratio of 25.82.
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. On average, analysts predict that First Quantum Minerals Limited will post $1.01 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Investors 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 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$26.67.
First Quantum Minerals Ltd. (TSE:FM) is a mineral exploration, development and mining company.
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