First Quantum Minerals Limited (FM) Given New C$19.00 Price Target at Deutsche Bank AG
A number of other analysts also recently issued reports on the company. Scotiabank reissued an outperform rating and issued a C$18.00 target price on shares of First Quantum Minerals Limited in a research report on Monday, September 18th. CIBC reissued a neutral rating and issued a C$15.50 target price on shares of First Quantum Minerals Limited in a research report on Friday, September 15th. Berenberg Bank raised their target price on First Quantum Minerals Limited from C$12.15 to C$14.35 in a research report on Friday, September 8th. BNP Paribas raised First Quantum Minerals Limited from an underperform rating to a neutral rating in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC raised their target price on First Quantum Minerals Limited from C$16.00 to C$23.00 in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of C$16.95.
Shares of First Quantum Minerals Limited (TSE FM) opened at 15.84 on Friday. The company’s market capitalization is $10.86 billion. The stock’s 50 day moving average price is $14.42 and its 200-day moving average price is $12.97. First Quantum Minerals Limited has a 52-week low of $9.69 and a 52-week high of $17.55.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Monday, August 28th were 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 was Thursday, August 24th.
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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