First Quantum Minerals Limited (FM) Given Average Recommendation of “Hold” by Analysts
Shares of First Quantum Minerals Limited (TSE:FM) have received an average rating of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$16.64.
Several equities analysts recently commented on FM shares. TD Securities dropped their target price on First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Monday, July 31st. Scotiabank reaffirmed an “outperform” rating and set a C$16.00 price objective on shares of First Quantum Minerals Limited in a report on Friday, September 1st. Jefferies Group LLC dropped their price objective on First Quantum Minerals Limited from C$18.00 to C$14.00 in a report on Thursday, June 8th. Royal Bank Of Canada dropped their price objective on First Quantum Minerals Limited from C$16.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Monday, July 31st. Finally, National Bank Financial dropped their price objective on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a “sector perform” rating on the stock in a report on Thursday, August 17th.
Shares of First Quantum Minerals Limited (TSE FM) opened at 13.26 on Friday. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $12.94. First Quantum Minerals Limited has a one year low of $9.69 and a one year high of $17.55. The stock’s market capitalization is $9.09 billion.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.15%.
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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