First Quantum Minerals Limited (TSE:FM) declared a quarterly dividend on Monday, February 12th, RTT News reports. Shareholders of record on Tuesday, April 17th will be paid a dividend of 0.005 per share on Tuesday, May 8th. This represents a $0.02 annualized dividend and a yield of 0.11%.
First Quantum Minerals (FM) opened at C$17.68 on Monday. First Quantum Minerals has a 1 year low of C$9.69 and a 1 year high of C$19.75. The company has a market cap of $12,190.00, a P/E ratio of -50.51 and a beta of 3.02.
Several equities research analysts have recently issued reports on FM shares. National Bank Financial lifted their price objective on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 18th. Industrial Alliance Securities lifted their price objective on shares of First Quantum Minerals from C$16.95 to C$18.64 and gave the stock a “hold” rating in a research report on Thursday, October 19th. Raymond James Financial lifted their price objective on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Barclays lifted their price objective on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$17.00 price objective on shares of First Quantum Minerals in a research report on Monday, October 30th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$20.22.
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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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