First Quantum Minerals Limited (TSE:FM) has been assigned an average recommendation of “Buy” from the nineteen brokerages that are covering the firm. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.15.
FM has been the subject of a number of analyst reports. TD Securities reissued a “buy” rating and set a C$20.00 price objective on shares of First Quantum Minerals Limited in a research report on Tuesday, February 14th. BMO Capital Markets reissued an “outperform” rating and set a C$21.00 price objective on shares of First Quantum Minerals Limited in a research report on Thursday, February 2nd. Goldman Sachs Group Inc lowered their price objective on First Quantum Minerals Limited from C$16.50 to C$16.00 in a research report on Thursday, January 19th. Scotiabank upped their price target on First Quantum Minerals Limited from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, Royal Bank of Canada upped their price target on First Quantum Minerals Limited from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a report on Friday, January 27th.
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The company also recently announced a quarterly dividend, which will be paid on Monday, May 8th. Shareholders of record on Monday, April 17th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Wednesday, April 12th.
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.
