FY2019 EPS Estimates for First Quantum Minerals Limited (TSE:FM) Decreased by Analyst
First Quantum Minerals Limited (TSE:FM) – Analysts at National Bank Financial cut their FY2019 earnings per share (EPS) estimates for shares of First Quantum Minerals Limited in a research note issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $1.99 for the year, down from their previous forecast of $2.03. National Bank Financial currently has a “Sector Perform” rating and a $15.00 target price on the stock.
FM has been the subject of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and set a C$19.00 price objective on shares of First Quantum Minerals Limited in a report on Monday, April 24th. Deutsche Bank AG decreased their price objective on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a report on Thursday, June 22nd. TD Securities decreased their price objective on shares of First Quantum Minerals Limited from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, April 28th. Berenberg Bank decreased their price objective on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a C$15.00 price objective on shares of First Quantum Minerals Limited in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$15.88.
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First Quantum Minerals Limited (TSE:FM) traded down 2.67% during mid-day trading on Friday, reaching $12.41. 2,581,671 shares of the company traded hands. The stock’s 50-day moving average price is $12.47 and its 200-day moving average price is $13.33. First Quantum Minerals Limited has a one year low of $9.63 and a one year high of $17.55. The firm’s market cap is $8.51 billion.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Monday, August 28th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.16%. 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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