Scotiabank set a C$16.00 price target on First Quantum Minerals Limited (TSE:FM) in a report published on Friday. The firm currently has an outperform rating on the stock.
A number of other equities analysts have also commented on the stock. National Bank Financial lowered shares of First Quantum Minerals Limited from an outperform rating to a sector perform rating and reduced their price target for the company from C$16.25 to C$15.00 in a research report on Monday, July 24th. Jefferies Group LLC restated a buy rating and issued a C$15.00 price target on shares of First Quantum Minerals Limited in a research report on Friday, July 14th. Barclays PLC reduced their price target on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a research report on Friday, July 14th. Berenberg Bank reduced their price target on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG reduced their price target on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$15.67.
Shares of First Quantum Minerals Limited (FM) traded down 3.79% during midday trading on Friday, hitting $13.46. 3,183,614 shares of the company’s stock traded hands. The company has a 50 day moving average price of $11.83 and a 200 day moving average price of $13.54. The firm’s market capitalization is $9.28 billion. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/29/first-quantum-minerals-limited-fm-given-a-c16-00-price-target-by-scotiabank-analysts.html.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is 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.
Receive News & Ratings for First Quantum Minerals Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals Limited and related companies with MarketBeat.com's FREE daily email newsletter.
