First Quantum Minerals (TSE:FM) had its price objective increased by Raymond James from C$16.50 to C$17.00 in a research report report published on Wednesday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for First Quantum Minerals’ Q4 2019 earnings at $0.12 EPS, FY2019 earnings at $0.50 EPS, Q1 2020 earnings at $0.26 EPS, Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.34 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.31 EPS and FY2021 earnings at $1.16 EPS.
FM has been the topic of several other reports. CIBC decreased their price target on shares of First Quantum Minerals from C$18.00 to C$16.00 in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of First Quantum Minerals from C$15.75 to C$15.00 in a research note on Tuesday, July 30th. Citigroup downgraded shares of First Quantum Minerals from a buy rating to a neutral rating and decreased their price target for the stock from C$18.00 to C$13.00 in a research note on Tuesday, May 21st. Deutsche Bank decreased their price target on shares of First Quantum Minerals from C$14.50 to C$14.00 in a research note on Wednesday, July 10th. Finally, TD Securities downgraded shares of First Quantum Minerals from a buy rating to a hold rating and decreased their price target for the stock from C$16.50 to C$14.50 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. First Quantum Minerals has an average rating of Hold and an average price target of C$14.94.
Shares of FM opened at C$10.49 on Wednesday. The company has a 50 day moving average of C$12.01. The stock has a market capitalization of $7.19 billion and a P/E ratio of 16.14. The company has a debt-to-equity ratio of 87.75, a current ratio of 2.10 and a quick ratio of 1.25. First Quantum Minerals has a 1-year low of C$9.45 and a 1-year high of C$19.04.
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, August 28th will be paid a $0.005 dividend. This represents a dividend yield of 0.04%. The ex-dividend date of this dividend is Tuesday, August 27th. First Quantum Minerals’s payout ratio is 1.16%.
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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