National Bank Financial Comments on First Quantum Minerals Limited’s Q3 2017 Earnings (TSE:FM)
First Quantum Minerals Limited (TSE:FM) – Investment analysts at National Bank Financial issued their Q3 2017 earnings per share estimates for shares of First Quantum Minerals Limited in a research report issued on Wednesday. National Bank Financial analyst S. Nagle expects that the company will earn ($1.32) per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $15.00 price target on the stock. National Bank Financial also issued estimates for First Quantum Minerals Limited’s Q4 2017 earnings at $0.06 EPS and FY2017 earnings at ($1.36) EPS.
A number of other equities research analysts also recently commented on FM. CSFB reiterated 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 target price on First Quantum Minerals Limited from C$14.20 to C$14.00 in a report on Friday, April 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a C$19.00 target price on shares of First Quantum Minerals Limited in a report on Monday, April 24th. Scotiabank restated an “outperform” rating and issued a C$18.00 target price on shares of First Quantum Minerals Limited in a report on Friday, April 28th. Finally, TD Securities reduced their target price on First Quantum Minerals Limited from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$15.88.
First Quantum Minerals Limited (TSE FM) opened at 12.41 on Monday. The company’s 50-day moving average price is $12.53 and its 200-day moving average price is $13.30. The stock’s market cap is $8.51 billion. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, August 24th.
First Quantum Minerals Limited Company Profile
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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