First Quantum Minerals Limited (FM) Receives Average Rating of “Buy” from Brokerages

Shares of First Quantum Minerals Limited (TSE:FM) have been given a consensus recommendation of “Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$21.35.

Several analysts recently commented on FM shares. National Bank Financial raised their price target on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 18th. Industrial Alliance Securities raised their price target on shares of First Quantum Minerals from C$16.95 to C$18.64 and gave the stock a “hold” rating in a report on Thursday, October 19th. Raymond James Financial raised their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Monday, October 23rd. Barclays raised their price target on shares of First Quantum Minerals from C$12.65 to C$15.10 in a report on Tuesday, October 24th. Finally, Scotiabank restated an “outperform” rating and set a C$17.00 price target on shares of First Quantum Minerals in a report on Monday, October 30th.

Shares of First Quantum Minerals (TSE:FM) opened at C$20.22 on Wednesday. The company has a market cap of $13,940.00, a P/E ratio of -57.77 and a beta of 3.02. First Quantum Minerals has a fifty-two week low of C$9.69 and a fifty-two week high of C$20.31.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Tuesday, April 17th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.10%. First Quantum Minerals’s dividend payout ratio is -2.18%.

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First Quantum Minerals 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.

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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