First Quantum Minerals Limited (FM) Given Consensus Recommendation of “Buy” by Analysts
First Quantum Minerals Limited (TSE:FM) has received a consensus rating of “Buy” from the eighteen brokerages that are presently covering the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$16.51.
FM has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a research report on Monday, March 20th. TD Securities upped their price target on shares of First Quantum Minerals Limited from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Berenberg Bank raised shares of First Quantum Minerals Limited from a “sell” rating to a “hold” rating and upped their price target for the company from C$11.00 to C$12.80 in a research report on Wednesday, March 22nd. Goldman Sachs Group Inc reduced their price target on shares of First Quantum Minerals Limited from C$16.50 to C$16.00 in a research report on Thursday, January 19th. Finally, Deutsche Bank AG upped their price target on shares of First Quantum Minerals Limited from C$20.00 to C$22.00 in a research report on Friday, March 17th.
Shares of First Quantum Minerals Limited (TSE:FM) opened at 12.23 on Monday. The stock has a 50 day moving average of $13.34 and a 200 day moving average of $14.48. First Quantum Minerals Limited has a one year low of $7.77 and a one year high of $17.55. The stock has a market cap of $8.39 billion and a P/E ratio of 152.88.
The business also recently declared a quarterly dividend, which was paid on Monday, May 8th. Investors of record on Monday, April 17th were issued a dividend of $0.005 per share. The ex-dividend date was Wednesday, April 12th. This represents a $0.02 annualized dividend and a yield of 0.16%.
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About First Quantum Minerals Limited
First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.
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