First Quantum Minerals - FM Stock Forecast, Price & News

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. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FM. Scotiabank decreased their price target on shares of First Quantum Minerals from C$35.00 to C$33.00 in a research report on Thursday, July 28th. Royal Bank of Canada decreased their target price on shares of First Quantum Minerals from C$42.00 to C$33.00 and set an "outperform" rating on the stock in a research report on Thursday, July 28th. Citigroup lowered shares of First Quantum Minerals to a "sell" rating and decreased their target price for the company from C$40.00 to C$20.00 in a research report on Wednesday, July 13th. Eight Capital lifted their target price on shares of First Quantum Minerals from C$40.00 to C$50.00 and gave the company a "market perform" rating in a research report on Thursday, April 21st. Finally, TD Securities cut their price target on shares of First Quantum Minerals from C$52.00 to C$50.00 and set a "buy" rating for the company in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, First Quantum Minerals currently has a consensus rating of "Hold" and an average price target of C$34.62.

First Quantum Minerals Trading Up 5.1 %

TSE:FM traded up C$1.09 during trading hours on Friday, reaching C$22.51. The company's stock had a trading volume of 2,190,244 shares, compared to its average volume of 2,395,217. The firm has a fifty day simple moving average of C$26.61 and a 200-day simple moving average of C$33.37. The stock has a market cap of C$15.57 billion and a P/E ratio of 9.00. First Quantum Minerals has a 52 week low of C$18.68 and a 52 week high of C$45.38. The company has a debt-to-equity ratio of 68.45, a current ratio of 2.19 and a quick ratio of 1.18.

First Quantum Minerals (TSE:FM - Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.70 by C($0.07). The company had revenue of C$2.43 billion for the quarter, compared to analyst estimates of C$2.43 billion. Equities analysts forecast that First Quantum Minerals will post 1.9100001 earnings per share for the current fiscal year.

First Quantum Minerals Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 20th. Investors of record on Monday, August 29th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 26th. This represents a yield of 0.68%. This is an increase from First Quantum Minerals's previous Semi-Annual dividend of $0.01. First Quantum Minerals's dividend payout ratio (DPR) is presently 6.80%.