First Quantum Minerals Limited (FM) Stock Rating Reaffirmed by TD Securities

First Quantum Minerals Limited (TSE:FM)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a report issued on Tuesday. They currently have a C$20.00 price target on the stock. TD Securities’ price target indicates a potential upside of 26.02% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Scotiabank restated a “focus stock” rating and set a C$14.50 price objective on shares of First Quantum Minerals Limited in a research note on Friday, October 28th. RBC Capital Markets raised their price objective on shares of First Quantum Minerals Limited from C$17.00 to C$19.00 in a research note on Friday, January 27th. Barclays PLC raised their price objective on shares of First Quantum Minerals Limited from C$10.00 to C$14.20 in a research note on Monday, January 9th. Goldman Sachs Group, Inc. (The) upgraded shares of First Quantum Minerals Limited from a “sell” rating to a “neutral” rating and raised their price objective for the company from C$8.00 to C$16.50 in a research note on Wednesday, November 30th. Finally, National Bank Financial raised their price objective on shares of First Quantum Minerals Limited from C$17.50 to C$19.00 in a research note on Friday, January 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$14.21.

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

First Quantum Minerals Limited (TSE:FM) traded down 5.42% on Tuesday, reaching $15.01. 6,351,334 shares of the company’s stock were exchanged. The company has a market cap of $10.29 billion and a PE ratio of 217.54. The firm’s 50 day moving average price is $16.08 and its 200 day moving average price is $13.35. First Quantum Minerals Limited has a 52-week low of $3.86 and a 52-week high of $17.55.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 8th. Shareholders of record on Monday, April 17th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend is Wednesday, April 12th.

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First Quantum Minerals Limited Company Profile

First Quantum Minerals Ltd. is an international mining company. The Company is engaged in mineral exploration, mine engineering and construction, development and mining. It produces copper in concentrate, copper cathode, nickel in concentrate, gold, zinc, platinum-group elements (PGE) and pyrite. Its operations and development projects are located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, Peru and Argentina.

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