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QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
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ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.53 (+0.52%)
AAPL   108.30 (+1.10%)
MSFT   203.21 (+1.31%)
FB   249.40 (+0.15%)
GOOGL   1,425.00 (+1.11%)
AMZN   3,023.79 (+0.80%)
NVDA   494.00 (+1.87%)
TSLA   385.35 (+1.31%)
BABA   269.61 (-1.22%)
CGC   14.32 (-1.92%)
GE   6.08 (-0.49%)
MU   49.47 (-0.76%)
AMD   75.80 (+1.43%)
T   28.05 (+0.65%)
F   6.66 (+0.30%)
ACB   5.22 (+0.97%)
GILD   62.25 (-1.33%)
NFLX   472.55 (+0.41%)
DIS   122.83 (-0.37%)
BAC   23.38 (+0.52%)
BA   146.15 (-3.33%)
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First Quantum Minerals (TSE:FM) PT Raised to C$18.00

Last updated on Thursday, September 24, 2020 | 2020 MarketBeat

First Quantum Minerals (TSE:FM) had its price objective upped by analysts at Morgan Stanley from C$13.00 to C$18.00 in a research report issued on Thursday, BayStreet.CA reports. Morgan Stanley's target price would suggest a potential upside of 53.58% from the stock's current price.

Several other brokerages also recently weighed in on FM. CIBC boosted their target price on First Quantum Minerals from C$10.00 to C$15.00 in a research note on Wednesday, July 15th. Deutsche Bank lifted their price target on First Quantum Minerals from C$9.00 to C$11.00 in a research report on Thursday, June 11th. CSFB lifted their price target on First Quantum Minerals from C$12.00 to C$13.50 in a research report on Thursday, July 30th. Scotiabank boosted their price objective on First Quantum Minerals from C$14.00 to C$15.00 in a report on Tuesday, September 15th. Finally, Jefferies Financial Group boosted their price objective on First Quantum Minerals from C$16.00 to C$18.00 in a report on Friday, June 19th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. First Quantum Minerals presently has a consensus rating of "Buy" and an average price target of C$14.92.

FM traded up C$0.04 during trading on Thursday, hitting C$11.72. 2,783,665 shares of the stock were exchanged, compared to its average volume of 3,405,227. The firm has a 50 day simple moving average of C$12.79 and a 200 day simple moving average of C$9.91. The firm has a market cap of $8.05 billion and a price-to-earnings ratio of -19.85. First Quantum Minerals has a 1 year low of C$4.71 and a 1 year high of C$14.85. The company has a debt-to-equity ratio of 95.70, a quick ratio of 0.69 and a current ratio of 1.50.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, July 28th. The company reported C($0.17) EPS for the quarter, topping the consensus estimate of C($0.24) by C$0.07. The firm had revenue of C$1.41 billion for the quarter, compared to analysts' expectations of C$1.39 billion. As a group, equities analysts anticipate that First Quantum Minerals will post 0.45 earnings per share for the current fiscal year.

In related news, Senior Officer Wyatt Mckinlay Buck sold 36,087 shares of the company's stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$14.30, for a total value of C$516,044.10. Following the completion of the transaction, the insider now owns 35,669 shares of the company's stock, valued at approximately C$510,066.70.

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.

See Also: Outstanding Shares

Analyst Recommendations for First Quantum Minerals (TSE:FM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio

Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.

While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.

4%-plus yields might seem like an easy opportunity to boost the investment income you receive, but high-yield stocks can just as often be a track reading to snare unsuspecting investors. It's not always easy to tell the difference though.

This slideshow highlights 10 high-yield dividend stocks that are paying an unsustainably large percentage of their earnings in the form of a dividend. These companies are all paying out more than 100% of their earnings per share in the form of a dividend, a sign that the advertised high-yield probably won't last.

View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".

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