First Quantum Minerals Limited (FM) Declares $0.01 Quarterly Dividend
First Quantum Minerals Limited (TSE:FM) announced a quarterly dividend on Thursday, July 27th, RTT News reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.005 per share on Tuesday, September 19th. This represents a $0.02 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, August 24th.
Shares of First Quantum Minerals Limited (TSE FM) traded down 2.71% during midday trading on Thursday, hitting $13.99. The stock had a trading volume of 3,282,753 shares. The company has a market capitalization of $9.59 billion and a PE ratio of 174.88. The firm’s 50-day moving average is $11.70 and its 200 day moving average is $13.55. First Quantum Minerals Limited has a one year low of $9.53 and a one year high of $17.55.
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Several research analysts have recently weighed in on the company. CSFB reaffirmed an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research report on Monday, April 17th. Barclays PLC reduced their price objective on First Quantum Minerals Limited from C$14.20 to C$14.00 in a research report on Friday, April 21st. National Bank Financial cut First Quantum Minerals Limited from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$16.25 to C$15.00 in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and set a C$21.00 price target on shares of First Quantum Minerals Limited in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a C$19.00 price target on shares of First Quantum Minerals Limited in a research report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$15.66.
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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