First Quantum Minerals Limited (FM) Given a C$16.00 Price Target by Scotiabank Analysts
FM has been the subject of a number of other reports. Jefferies Group LLC cut their price objective on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. TD Securities cut their price objective on First Quantum Minerals Limited from C$21.00 to C$20.00 and set a buy rating for the company in a research note on Friday, April 28th. CSFB reiterated an outperform rating and set a C$18.00 price objective on shares of First Quantum Minerals Limited in a research note on Monday, April 17th. National Bank Financial downgraded First Quantum Minerals Limited from an outperform rating to a sector perform rating and cut their price objective for the company from C$16.25 to C$15.00 in a research note on Monday, July 24th. Finally, Barclays PLC lowered their price target on First Quantum Minerals Limited from C$14.00 to C$12.65 in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. First Quantum Minerals Limited presently has an average rating of Buy and an average target price of C$15.83.
Shares of First Quantum Minerals Limited (FM) opened at 13.78 on Friday. The stock’s market capitalization is $9.50 billion. The stock has a 50 day moving average of $11.89 and a 200-day moving average of $13.49. First Quantum Minerals Limited has a one year low of $9.53 and a one year high of $17.55.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.15%.
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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