National Bank Financial reissued their sector perform rating on shares of First Quantum Minerals (TSE:FM) in a research report released on Monday morning, BayStreet.CA reports. National Bank Financial currently has a C$11.75 target price on the stock. National Bank Financial also issued estimates for First Quantum Minerals’ FY2019 earnings at $0.63 EPS.
Several other analysts also recently commented on the stock. Canaccord Genuity downgraded shares of First Quantum Minerals from a buy rating to a hold rating and increased their target price for the company from C$16.00 to C$17.00 in a report on Monday, April 15th. Jefferies Financial Group lowered their target price on shares of First Quantum Minerals from C$14.50 to C$14.00 in a report on Tuesday, August 6th. CSFB lowered their target price on shares of First Quantum Minerals from C$23.00 to C$12.00 in a report on Tuesday, May 28th. Raymond James increased their target price on shares of First Quantum Minerals from C$16.50 to C$17.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Finally, TD Securities downgraded shares of First Quantum Minerals from a buy rating to a hold rating and lowered their target price for the company from C$16.50 to C$14.50 in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of C$14.40.
Shares of FM stock opened at C$8.63 on Monday. The firm has a 50-day moving average of C$11.53 and a 200-day moving average of C$13.03. The company has a market cap of $6.58 billion and a P/E ratio of 15.06. The company has a debt-to-equity ratio of 90.68, a current ratio of 1.71 and a quick ratio of 0.99. First Quantum Minerals has a one year low of C$8.49 and a one year high of C$18.49.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.005 per share. The ex-dividend date is Tuesday, August 27th. This represents a yield of 0.04%. First Quantum Minerals’s dividend payout ratio (DPR) is presently 1.32%.
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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