First Quantum Minerals Limited (FM) Given Consensus Recommendation of “Hold” by Brokerages

First Quantum Minerals Limited (TSE:FM) has earned a consensus rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$15.88.

Several research firms have recently issued reports on FM. TD Securities reduced their target price on First Quantum Minerals Limited from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Monday, July 31st. Jefferies Group LLC reduced their target price on First Quantum Minerals Limited from C$18.00 to C$14.00 in a research note on Thursday, June 8th. Scotiabank set a C$16.00 target price on First Quantum Minerals Limited and gave the company an “outperform” rating in a research note on Thursday. Royal Bank Of Canada reduced 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, CSFB reaffirmed an “outperform” rating and issued a C$18.00 price target on shares of First Quantum Minerals Limited in a research note on Monday, April 17th.

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Shares of First Quantum Minerals Limited (FM) opened at 12.41 on Friday. First Quantum Minerals Limited has a 1-year low of $9.63 and a 1-year high of $17.55. The firm’s market capitalization is $8.51 billion. The company’s 50-day moving average is $12.53 and its 200 day moving average is $13.30.

The company 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 yield of 0.16%. The ex-dividend date of this dividend 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.

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

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