First Quantum Minerals (TSE:FM) Price Target Raised to C$36.00 at National Bankshares

First Quantum Minerals (TSE:FM – Get Rating) had its target price lifted by National Bankshares from C$29.00 to C$36.00 in a research note published on Tuesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on FM. Royal Bank of Canada decreased their price objective on First Quantum Minerals from C$37.00 to C$32.00 and set an outperform rating for the company in a research note on Thursday, February 16th. BMO Capital Markets dropped their target price on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Friday, February 24th. Jefferies Financial Group reaffirmed a buy rating and issued a C$37.00 target price on shares of First Quantum Minerals in a research report on Monday. Scotiabank lowered their price objective on shares of First Quantum Minerals from C$35.00 to C$33.00 in a research report on Thursday, February 16th. Finally, JPMorgan Chase & Co. cut shares of First Quantum Minerals from an overweight rating to a sell rating and reduced their target price for the stock from C$30.00 to C$26.00 in a research note on Friday, November 11th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$31.43.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$29.79 on Tuesday. The business has a 50-day moving average of C$28.96 and a 200 day moving average of C$27.37. First Quantum Minerals has a 12 month low of C$18.67 and a 12 month high of C$45.38. The stock has a market capitalization of C$20.63 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of -1.28 and a beta of 2.11. The company has a debt-to-equity ratio of 70.81, a current ratio of 2.40 and a quick ratio of 1.41.

First Quantum Minerals Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, May 8th. Stockholders of record on Monday, April 17th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, April 14th. First Quantum Minerals’s dividend payout ratio (DPR) is presently 14.29%.

About First Quantum Minerals

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First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.