CIBC restated their neutral rating on shares of First Quantum Minerals Limited (TSE:FM) in a research note issued to investors on Friday morning. The firm currently has a C$15.50 price target on the stock.
A number of other research analysts also recently weighed in on the company. Jefferies Group LLC dropped their price target on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. Berenberg Bank dropped their price target on First Quantum Minerals Limited from C$12.80 to C$11.75 in a research note on Wednesday, July 12th. Deutsche Bank AG dropped their price target on First Quantum Minerals Limited from C$22.00 to C$18.00 in a research note on Thursday, June 22nd. Royal Bank Of Canada dropped their price target on First Quantum Minerals Limited from C$16.00 to C$15.00 and set a sector perform rating on the stock in a research note on Monday, July 31st. Finally, National Bank Financial downgraded First Quantum Minerals Limited from an outperform rating to a sector perform rating and dropped their price target for the stock from C$16.25 to C$15.00 in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. First Quantum Minerals Limited presently has an average rating of Hold and a consensus target price of C$16.64.
Shares of First Quantum Minerals Limited (TSE:FM) traded down 0.15% during mid-day trading on Friday, hitting $13.26. The stock had a trading volume of 6,888,444 shares. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $12.94. First Quantum Minerals Limited has a 52 week low of $9.69 and a 52 week high of $17.55. The firm’s market cap is $9.09 billion.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, August 24th.
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.
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