First Quantum Minerals (TSE:FM) had its price target boosted by Royal Bank of Canada from C$12.00 to C$14.00 in a research note published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
FM has been the subject of several other reports. CSFB upped their price objective on First Quantum Minerals from C$12.00 to C$13.50 in a research report on Thursday. Deutsche Bank upped their target price on First Quantum Minerals from C$9.00 to C$11.00 in a report on Thursday, June 11th. Canaccord Genuity upped their target price on First Quantum Minerals from C$11.00 to C$17.50 in a report on Monday, July 20th. Jefferies Financial Group upped their target price on First Quantum Minerals from C$16.00 to C$18.00 in a report on Friday, June 19th. Finally, BMO Capital Markets dropped their target price on First Quantum Minerals from C$9.50 to C$9.00 in a report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$13.54.
FM stock opened at C$11.32 on Thursday. The company has a debt-to-equity ratio of 96.59, a current ratio of 1.64 and a quick ratio of 0.80. The stock has a market capitalization of $7.80 billion and a P/E ratio of -45.28. The business has a 50-day moving average of C$10.99 and a 200-day moving average of C$9.69. First Quantum Minerals has a fifty-two week low of C$4.71 and a fifty-two week high of C$14.12.
The company also recently announced a Semi-Annual dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, August 28th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, August 27th. First Quantum Minerals’s dividend payout ratio (DPR) is currently -2.94%.
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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