First Quantum Minerals Limited (FM) Announces $0.01 Quarterly Dividend
First Quantum Minerals Limited (TSE:FM) announced a quarterly dividend on Monday, February 12th, RTT News reports. Stockholders of record on Tuesday, April 17th will be paid a dividend of 0.005 per share on Tuesday, May 8th. This represents a $0.02 annualized dividend and a dividend yield of 0.11%.
Shares of First Quantum Minerals (FM) opened at C$17.68 on Monday. The firm has a market cap of $12,190.00, a PE ratio of -50.51 and a beta of 3.02. First Quantum Minerals has a fifty-two week low of C$9.69 and a fifty-two week high of C$19.75.
Several brokerages have recently weighed in on FM. National Bank Financial lifted their target price on shares of First Quantum Minerals from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Canaccord Genuity downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$15.00 to C$21.00 in a report on Monday, December 4th. Scotiabank reissued an “outperform” rating and set a C$18.00 price objective on shares of First Quantum Minerals in a report on Tuesday, December 19th. Finally, BMO Capital Markets boosted their price objective on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$20.22.
First Quantum Minerals Company Profile
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.
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.