First Quantum Minerals (TSE:FM) Earns Sector Perform Rating from National Bank Financial

National Bank Financial restated their sector perform rating on shares of First Quantum Minerals (TSE:FM) in a report issued on Monday morning, BayStreet.CA reports. National Bank Financial currently has a C$11.75 target price on the stock. National Bank Financial also issued estimates for First Quantum Minerals’ FY2019 earnings at $0.63 EPS.

Several other research firms also recently commented on FM. 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. Royal Bank of Canada lifted their price target on shares of First Quantum Minerals from C$17.00 to C$18.00 in a research note on Thursday, June 27th. 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. 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, July 31st. Finally, 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, July 31st. One 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. The stock presently has an average rating of Hold and an average price target of C$14.40.

FM stock opened at C$8.63 on Monday. The company has a market capitalization of $6.58 billion and a PE ratio of 15.06. First Quantum Minerals has a one year low of C$8.49 and a one year high of C$18.49. The company’s 50 day moving average price is C$11.53 and its two-hundred day moving average price is C$13.03. The company has a debt-to-equity ratio of 90.68, a quick ratio of 0.99 and a current ratio of 1.71.

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 is Tuesday, August 27th. First Quantum Minerals’s payout ratio is 1.32%.

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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Analyst Recommendations for First Quantum Minerals (TSE:FM)

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