Shares of First Quantum Minerals Limited (TSE:FM) have been assigned a consensus rating of “Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$19.37.
Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on First Quantum Minerals from C$16.20 to C$16.70 in a research report on Thursday, January 31st. Raymond James dropped their price target on First Quantum Minerals from C$23.00 to C$21.00 in a research report on Friday, January 18th. Goldman Sachs Group dropped their price target on First Quantum Minerals from C$17.00 to C$15.50 in a research report on Friday, January 18th. BNP Paribas dropped their target price on First Quantum Minerals from C$20.20 to C$13.60 in a research report on Thursday, December 13th. Finally, CIBC raised First Quantum Minerals from a “neutral” rating to an “outperform” rating and set a C$16.00 target price on the stock in a research report on Monday, January 21st.
Shares of FM stock traded up C$0.41 on Friday, hitting C$15.15. 3,621,054 shares of the stock traded hands, compared to its average volume of 3,104,497. The company has a current ratio of 1.99, a quick ratio of 1.16 and a debt-to-equity ratio of 81.12. The firm has a market cap of $10.10 billion and a P/E ratio of 23.67. First Quantum Minerals has a 1-year low of C$9.45 and a 1-year high of C$23.05.
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be given a $0.005 dividend. This represents a yield of 0.03%. The ex-dividend date of this dividend is Friday, April 12th. First Quantum Minerals’s dividend payout ratio is presently 1.21%.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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