First Quantum Minerals (TSE:FM) PT Lowered to C$10.50 at National Bank Financial

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First Quantum Minerals (TSE:FM) had its target price decreased by National Bank Financial from C$11.75 to C$10.50 in a research note published on Thursday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for First Quantum Minerals’ FY2019 earnings at $0.48 EPS.

Several other equities research analysts have also weighed in on FM. Deutsche Bank dropped their target price on First Quantum Minerals from C$13.50 to C$11.00 in a research report on Wednesday, September 4th. CSFB dropped their target price on First Quantum Minerals from C$23.00 to C$12.00 in a research report on Tuesday, May 28th. TD Securities lowered First Quantum Minerals from a buy rating to a hold rating and dropped their target price for the stock from C$16.50 to C$14.50 in a research report on Wednesday, July 31st. Jefferies Financial Group dropped their target price on First Quantum Minerals from C$14.50 to C$14.00 in a research report on Tuesday, August 6th. Finally, BMO Capital Markets dropped their target price on First Quantum Minerals from C$15.75 to C$15.00 in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. First Quantum Minerals has an average rating of Hold and an average target price of C$13.65.

Shares of FM opened at C$11.00 on Thursday. The business’s fifty day moving average price is C$9.58 and its 200 day moving average price is C$12.26. First Quantum Minerals has a 12-month low of C$7.84 and a 12-month high of C$17.76. The stock has a market capitalization of $6.59 billion and a PE ratio of 19.20. 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 (TSE:FM) last announced its quarterly earnings data on Monday, July 29th. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.07. The firm had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.34 billion. As a group, research analysts anticipate that First Quantum Minerals will post 0.64 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 19th. Shareholders of record on Wednesday, August 28th will be given a $0.005 dividend. This represents a yield of 0.04%. The ex-dividend date of this dividend is Tuesday, August 27th. First Quantum Minerals’s dividend payout ratio is presently 1.32%.

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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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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