First Quantum Minerals Limited (FM) Price Target Raised to C$23.00 at Jefferies Group LLC
Several other analysts have also issued reports on the company. Eight Capital reaffirmed a buy rating on shares of First Quantum Minerals Limited in a research note on Thursday, August 17th. National Bank Financial cut their target price on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a sector perform rating for the company in a research note on Thursday, August 17th. Scotiabank set a C$16.00 price objective on First Quantum Minerals Limited and gave the company an outperform rating in a research note on Thursday, August 10th. TD Securities increased their price objective on First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a buy rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada dropped their price objective on First Quantum Minerals Limited from C$16.00 to C$15.00 and set a sector perform rating for the company in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$16.41.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.47% on Thursday, reaching $14.98. 441,236 shares of the company were exchanged. First Quantum Minerals Limited has a 12-month low of $9.63 and a 12-month high of $17.55. The firm’s market capitalization is $10.27 billion. The stock’s 50-day moving average is $13.56 and its 200 day moving average is $13.04.
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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 paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.13%. 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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