First Quantum Minerals Limited (FM) Receives Consensus Rating of “Hold” from Analysts
Shares of First Quantum Minerals Limited (TSE:FM) have earned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$16.64.
FM has been the topic of a number of analyst reports. Deutsche Bank AG lowered their price objective on First Quantum Minerals Limited from C$22.00 to C$18.00 in a report on Thursday, June 22nd. Berenberg Bank lowered their target price on First Quantum Minerals Limited from C$12.80 to C$11.75 in a report on Wednesday, July 12th. Barclays PLC lowered their target price on First Quantum Minerals Limited from C$14.00 to C$12.65 in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a C$15.00 target price on shares of First Quantum Minerals Limited in a report on Friday, July 14th. Finally, National Bank Financial lowered First Quantum Minerals Limited from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$16.25 to C$15.00 in a report on Monday, July 24th.
First Quantum Minerals Limited (FM) opened at 15.43 on Thursday. The company’s 50-day moving average price is $14.35 and its 200 day moving average price is $12.95. First Quantum Minerals Limited has a 52-week low of $9.69 and a 52-week high of $17.55. The firm’s market capitalization is $10.58 billion.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th were given a $0.005 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.13%.
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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