First Quantum Minerals Limited (TSE:FM) Price Target Cut to C$15.00

First Quantum Minerals Limited (TSE:FM) had its target price cut by National Bank Financial from C$15.25 to C$15.00 in a research report sent to investors on Wednesday, August 9th. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for First Quantum Minerals Limited’s FY2019 earnings at $1.99 EPS.

Other analysts have also issued reports about the stock. Barclays PLC reduced their price target on shares of First Quantum Minerals Limited from C$14.00 to C$12.65 in a research report on Friday, July 14th. Berenberg Bank cut their price objective on shares of First Quantum Minerals Limited from C$12.80 to C$11.75 in a research report on Wednesday, July 12th. Deutsche Bank AG cut their price objective on shares of First Quantum Minerals Limited from C$22.00 to C$18.00 in a research report on Thursday, June 22nd. Jefferies Group LLC cut their price objective on shares of First Quantum Minerals Limited from C$18.00 to C$14.00 in a research report on Thursday, June 8th. Finally, TD Securities cut their price objective on shares of First Quantum Minerals Limited from C$21.00 to C$20.00 and set a buy rating on the stock in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$15.88.

First Quantum Minerals Limited (TSE:FM) traded down 2.13% during midday trading on Wednesday, reaching $12.89. 1,686,271 shares of the company were exchanged. The stock’s market capitalization is $8.84 billion. First Quantum Minerals Limited has a 52-week low of $9.63 and a 52-week high of $17.55. The firm’s 50-day moving average price is $12.87 and its 200 day moving average price is $13.16.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Monday, August 28th will be paid a $0.005 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.02 annualized dividend and a dividend yield of 0.16%.

About First Quantum Minerals Limited

First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.

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