First Quantum Minerals Limited (FM) Rating Reiterated by Scotiabank

Scotiabank reissued their outperform rating on shares of First Quantum Minerals Limited (TSE:FM) in a report released on Friday. Scotiabank currently has a C$18.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. TD Securities boosted their target price on shares of First Quantum Minerals Limited from C$19.00 to C$20.00 and gave the company a buy rating in a research note on Thursday, August 10th. Eight Capital restated a buy rating on shares of First Quantum Minerals Limited in a research note on Thursday, August 17th. Jefferies Group LLC reduced their target price on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. National Bank Financial reduced their target price on shares of 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, August 9th. Finally, Berenberg Bank boosted their target price on shares of First Quantum Minerals Limited from C$12.15 to C$14.35 in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$16.72.

Shares of First Quantum Minerals Limited (FM) opened at 13.80 on Friday. First Quantum Minerals Limited has a 12 month low of $9.69 and a 12 month high of $17.55. The company’s market capitalization is $9.46 billion. The company has a 50-day moving average of $13.79 and a 200 day moving average of $12.93.

COPYRIGHT VIOLATION NOTICE: This report was posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/09/12/first-quantum-minerals-limited-fm-rating-reiterated-by-scotiabank.html.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Monday, August 28th will be given a dividend of $0.005 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.02 annualized dividend and a yield of 0.14%.

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.

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

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.

Latest News

Leave a Reply