First Quantum Minerals Limited (FM) Upgraded to “Hold” by Berenberg Bank

Berenberg Bank upgraded shares of First Quantum Minerals Limited (TSE:FM) from a sell rating to a hold rating in a research report released on Wednesday. The firm currently has C$12.80 price objective on the stock, up from their prior price objective of C$11.00.

Other research analysts also recently issued research reports about the company. Paradigm Capital boosted their price target on First Quantum Minerals Limited from C$15.50 to C$17.25 in a report on Tuesday, February 21st. Scotiabank restated an outperform rating and set a C$18.00 price target on shares of First Quantum Minerals Limited in a report on Monday, March 20th. TD Securities restated a buy rating and set a C$20.00 price target on shares of First Quantum Minerals Limited in a report on Tuesday, February 14th. Goldman Sachs Group Inc reduced their price target on First Quantum Minerals Limited from C$16.50 to C$16.00 in a report on Thursday, January 19th. Finally, Deutsche Bank AG boosted their price target on First Quantum Minerals Limited from C$20.00 to C$22.00 in a report on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$15.91.

Shares of First Quantum Minerals Limited (TSE:FM) opened at 13.75 on Wednesday. First Quantum Minerals Limited has a 12 month low of $5.38 and a 12 month high of $17.55. The company’s market capitalization is $9.39 billion. The company’s 50 day moving average price is $14.79 and its 200 day moving average price is $13.92.

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The business also recently declared a quarterly dividend, which will be paid on Monday, May 8th. Investors of record on Monday, April 17th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, April 12th. This represents a $0.02 annualized dividend and a dividend yield of 0.15%.

First Quantum Minerals Limited 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.

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