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.
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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.
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