First Quantum Minerals (FM) PT Lowered to C$24.00

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First Quantum Minerals (TSE:FM) had its price objective decreased by TD Securities from C$26.00 to C$24.00 in a research note released on Friday morning.

Other equities research analysts have also issued research reports about the stock. BNP Paribas cut their price target on shares of First Quantum Minerals from C$20.20 to C$13.60 in a report on Thursday, December 13th. JPMorgan Chase & Co. raised their price target on shares of First Quantum Minerals from C$16.00 to C$16.70 in a report on Thursday, December 13th. Jefferies Financial Group cut their price target on shares of First Quantum Minerals from C$25.00 to C$18.00 in a report on Wednesday, December 12th. CIBC cut their price target on shares of First Quantum Minerals from C$17.00 to C$16.00 in a report on Wednesday, October 31st. Finally, Goldman Sachs Group cut their target price on shares of First Quantum Minerals from C$17.00 to C$15.50 in a research note on Friday, January 18th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$19.17.

Shares of First Quantum Minerals stock opened at C$14.01 on Friday. The firm has a market capitalization of $9.66 billion and a price-to-earnings ratio of 21.89. First Quantum Minerals has a 12-month low of C$9.45 and a 12-month high of C$23.05. The company has a debt-to-equity ratio of 72.30, a quick ratio of 1.16 and a current ratio of 1.99.

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Friday, April 12th. First Quantum Minerals’s payout ratio is 1.56%.

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 in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine 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.

See Also: Cost of Equity

Analyst Recommendations for First Quantum Minerals (TSE:FM)

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