First Quantum Minerals (FM) Price Target Cut to C$21.00 by Analysts at TD Securities

First Quantum Minerals (TSE:FM) had its price target decreased by TD Securities from C$25.00 to C$21.00 in a report published on Tuesday, BayStreet.CA reports. TD Securities currently has an action list buy rating on the stock.

A number of other research firms have also weighed in on FM. JPMorgan Chase & Co. lowered First Quantum Minerals from an overweight rating to a neutral rating in a research note on Friday, April 5th. National Bank Financial set a C$17.50 target price on First Quantum Minerals in a research note on Thursday, April 18th. BMO Capital Markets reduced their target price on First Quantum Minerals from C$18.00 to C$17.00 and set an outperform rating on the stock in a research note on Monday, April 1st. CIBC increased their target price on First Quantum Minerals from C$17.00 to C$18.00 in a research note on Wednesday, April 3rd. Finally, Canaccord Genuity reduced their target price on First Quantum Minerals from C$18.50 to C$18.00 in a research note on Monday, January 28th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of C$18.77.

Shares of FM opened at C$13.30 on Tuesday. The firm has a market capitalization of $9.02 billion and a P/E ratio of 20.78. First Quantum Minerals has a 52-week low of C$9.45 and a 52-week high of C$23.05. The company has a quick ratio of 1.16, a current ratio of 1.99 and a debt-to-equity ratio of 81.12.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Thursday, February 14th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.36 by C($0.02). The company had revenue of C$1.39 billion during the quarter, compared to the consensus estimate of C$1.29 billion. On average, sell-side analysts anticipate that First Quantum Minerals will post 1.30999989537885 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be paid a $0.005 dividend. The ex-dividend date is Friday, April 12th. This represents a yield of 0.03%. First Quantum Minerals’s payout ratio is 1.21%.

About First Quantum Minerals

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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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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