First Quantum Minerals Limited (FM) Earns “Outperform” Rating from Scotiabank
Scotiabank reaffirmed their outperform rating on shares of First Quantum Minerals Limited (TSE:FM) in a report issued on Monday, StockTargetPrices.com reports. The firm currently has a C$18.00 price objective on the stock.
A number of other research firms have also commented on FM. Jefferies Group LLC lifted their target price on First Quantum Minerals Limited from C$16.00 to C$23.00 in a report on Thursday, August 31st. BNP Paribas raised First Quantum Minerals Limited from an underperform rating to a neutral rating in a report on Wednesday, September 6th. Berenberg Bank lifted their price objective on First Quantum Minerals Limited from C$12.15 to C$14.35 in a report on Friday, September 8th. National Bank Financial cut their price objective on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a sector perform rating for the company in a report on Wednesday, August 9th. Finally, TD Securities cut their price objective on First Quantum Minerals Limited from C$19.50 to C$19.00 and set a buy rating for the company in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of C$16.64.
First Quantum Minerals Limited (TSE FM) opened at 13.90 on Monday. The stock’s market cap is $9.53 billion. The firm has a 50-day moving average price of $13.73 and a 200 day moving average price of $12.89. First Quantum Minerals Limited has a 52-week low of $9.69 and a 52-week high of $17.55.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th were given a $0.005 dividend. The ex-dividend date was Thursday, August 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.14%.
About First Quantum Minerals Limited
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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