First Quantum Minerals Limited’s (FM) Outperform Rating Reaffirmed at Scotiabank
Scotiabank restated their outperform rating on shares of First Quantum Minerals Limited (TSE:FM) in a research report report published on Thursday morning, StockTargetPrices.com reports. They currently have a C$16.00 target price on the stock.
Other analysts have also recently issued research reports about the stock. Barclays PLC lowered their price objective on shares of First Quantum Minerals Limited from C$14.20 to C$14.00 in a research report on Friday, April 21st. Jefferies Group LLC decreased their target price on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a research report on Thursday, June 8th. CSFB reiterated an outperform rating and issued a C$18.00 target price on shares of First Quantum Minerals Limited in a research report on Monday, April 17th. TD Securities decreased their target price on shares of First Quantum Minerals Limited from C$19.50 to C$19.00 and set a buy rating on the stock in a research report on Monday. Finally, BMO Capital Markets reiterated an outperform rating and issued a C$21.00 target price on shares of First Quantum Minerals Limited in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$15.83.
First Quantum Minerals Limited (TSE FM) traded up 5.25% during mid-day trading on Thursday, hitting $13.42. 2,057,440 shares of the company’s stock were exchanged. First Quantum Minerals Limited has a 12 month low of $9.53 and a 12 month high of $17.55. The stock’s market cap is $9.20 billion. The stock’s 50 day moving average price is $11.92 and its 200-day moving average price is $13.46.
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 given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a 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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