Scotiabank Analysts Give First Quantum Minerals Limited (FM) a C$16.00 Price Target

Scotiabank set a C$16.00 price objective on First Quantum Minerals Limited (TSE:FM) in a report issued on Thursday. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. Barclays PLC decreased their price target on First Quantum Minerals Limited from C$14.20 to C$14.00 in a research note on Friday, April 21st. TD Securities lifted their price target on First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the stock a buy rating in a research note on Thursday. Jefferies Group LLC decreased their price target on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. National Bank Financial decreased their price target on First Quantum Minerals Limited from C$15.25 to C$15.00 and set a sector perform rating on the stock in a research note on Wednesday. Finally, CSFB reaffirmed an outperform rating and issued a C$18.00 price target on shares of First Quantum Minerals Limited in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of C$15.88.

First Quantum Minerals Limited (TSE:FM) opened at 12.41 on Thursday. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55. The firm’s market cap is $8.51 billion. The company has a 50-day moving average price of $12.53 and a 200-day moving average price of $13.30.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be given a $0.005 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.16%.

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.

Analyst Recommendations for First Quantum Minerals Limited (TSE:FM)

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