First Quantum Minerals Limited (FM) Given Consensus Rating of “Buy” by Brokerages
Shares of First Quantum Minerals Limited (TSE:FM) have been assigned an average rating of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$15.88.
Several research firms have recently weighed in on FM. TD Securities upped their price target on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Eight Capital reiterated a “buy” rating on shares of First Quantum Minerals Limited in a report on Thursday, August 17th. Jefferies Group LLC reduced their price target on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a report on Thursday, June 8th. Scotiabank set a C$16.00 price target on shares of First Quantum Minerals Limited and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, National Bank Financial reduced their price target on shares of First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, August 9th.
Shares of First Quantum Minerals Limited (FM) opened at 13.54 on Wednesday. First Quantum Minerals Limited has a 12 month low of $9.63 and a 12 month high of $17.55. The stock’s market capitalization is $9.29 billion. The company’s 50-day moving average is $12.94 and its 200-day moving average is $13.09.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. 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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