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China July exports rise, with trade surplus at record-high
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What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
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Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
TSE:FM

First Quantum Minerals - FM Stock Forecast, Price & News

C$22.51
+1.09 (+5.09%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$21.12
C$22.53
50-Day Range
C$19.11
C$38.91
52-Week Range
C$18.67
C$45.38
Volume
2.19 million shs
Average Volume
2.40 million shs
Market Capitalization
C$15.57 billion
P/E Ratio
9.00
Dividend Yield
0.73%
Price Target
C$34.56

First Quantum Minerals MarketRank™ Forecast

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
53.5% Upside
C$34.56 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.24mentions of First Quantum Minerals in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

FM stock logo

About First Quantum Minerals (TSE:FM) Stock

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%.

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FM Stock News Headlines

First Quantum Minerals (TSE:FM) PT Lowered to C$28.00
First Quantum Minerals Ltd stock raised on Friday.
First Quantum Minerals (TSE:FM) Price Target Cut to C$34.00
First Quantum Minerals (TSE:FM) PT Lowered to C$39.00
First Quantum Minerals (TSE:FM) PT Lowered to C$38.00
First Quantum Minerals (TSE:FM) Downgraded by Citigroup
See More Headlines
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FM Company Calendar

Last Earnings
7/26/2022
Today
8/07/2022
Ex-Dividend for 9/20 Dividend
8/26/2022
Dividend Payable
9/20/2022
Next Earnings (Estimated)
10/25/2022

Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
20,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$34.56
High Stock Price Forecast
C$50.00
Low Stock Price Forecast
C$20.00
Forecasted Upside/Downside
+53.5%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
22 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.87 billion
Cash Flow
C$2.66 per share
Book Value
C$15.73 per share

Miscellaneous

Free Float
N/A
Market Cap
C$15.57 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Philip Kelvin Rodda Pascall (Age 74)
    Co-Founder & Chairman
    Comp: $2.5M
  • Mr. Anthony Tristan Pascall (Age 46)
    COO, CEO & Director
    Comp: $1.39M
  • Mr. Hannes Otto Meyer (Age 52)
    Chief Financial Officer
    Comp: $970.98k
  • Mr. John Gregory B.Sc.
    Group Consultant of Mining
  • Zenon Wozniak
    Director of Projects
  • Ms. Bonita To
    Director of Investor Relations
  • Ms. Sarah E. H. Robertson
    Corp. Sec.
  • Ms. Juliet Wall
    Gen. Mang. of Fin.
  • David deVries
    Gen. Mang. of Kansanshi Mining Plc
  • Mr. Simon MacLean
    Group Reporting Controller













FM Stock - Frequently Asked Questions

Should I buy or sell First Quantum Minerals stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last year. There are currently 2 sell ratings, 9 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" First Quantum Minerals stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FM, but not buy additional shares or sell existing shares.
View analyst ratings for First Quantum Minerals
or view top-rated stocks.

What is First Quantum Minerals' stock price forecast for 2022?

22 brokers have issued 12-month target prices for First Quantum Minerals' stock. Their FM stock forecasts range from C$20.00 to C$50.00. On average, they anticipate First Quantum Minerals' share price to reach C$34.56 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price.
View analysts' price targets for First Quantum Minerals
or view top-rated stocks among Wall Street analysts.

How has First Quantum Minerals' stock performed in 2022?

First Quantum Minerals' stock was trading at C$30.27 at the beginning of 2022. Since then, FM stock has decreased by 25.6% and is now trading at C$22.51.
View the best growth stocks for 2022 here
.

When is First Quantum Minerals' next earnings date?

First Quantum Minerals is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for First Quantum Minerals
.

How were First Quantum Minerals' earnings last quarter?

First Quantum Minerals Ltd. (TSE:FM) announced its earnings results on Tuesday, July, 26th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.07. The company earned $2.43 billion during the quarter, compared to the consensus estimate of $2.43 billion.

How often does First Quantum Minerals pay dividends? What is the dividend yield for First Quantum Minerals?

First Quantum Minerals announced a Semi-Annual dividend on Tuesday, July 26th. Stockholders of record on Monday, August 29th will be paid a dividend of 0.16 per share on Tuesday, September 20th. This represents a yield of 0.68%. The ex-dividend date is Friday, August 26th. This is an increase from First Quantum Minerals's previous Semi-Annual dividend of C$0.01.
View First Quantum Minerals' dividend history
.

Is First Quantum Minerals a good dividend stock?

First Quantum Minerals(TSE:FM) pays an annual dividend of C$0.17 per share and currently has a dividend yield of 0.80%. The dividend payout ratio of First Quantum Minerals is 6.80%. This payout ratio is at a healthy, sustainable level, below 75%.
View First Quantum Minerals' dividend history.

What other stocks do shareholders of First Quantum Minerals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Quantum Minerals investors own include Thermal Energy International (TMG), 7545 (FQM.L) (FQM), Teck Resources (TECK.B), (CXRX) (CXRX), Hudbay Minerals (HBM), Hudbay Minerals (HBM), Teck Resources (TECK), Lundin Mining (LUN), First Quantum Minerals (FQVLF) and Bombardier, Inc. Class B (BBD.B).

What is First Quantum Minerals' stock symbol?

First Quantum Minerals trades on the Toronto Stock Exchange (TSX) under the ticker symbol "FM."

How do I buy shares of First Quantum Minerals?

Shares of FM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is First Quantum Minerals' stock price today?

One share of FM stock can currently be purchased for approximately C$22.51.

How much money does First Quantum Minerals make?

First Quantum Minerals (TSE:FM) has a market capitalization of C$15.57 billion and generates C$7.87 billion in revenue each year.

How many employees does First Quantum Minerals have?

First Quantum Minerals employs 20,000 workers across the globe.

How can I contact First Quantum Minerals?

First Quantum Minerals' mailing address is 543 Granville St 14th Floor, VANCOUVER, BC V6C 1X8, Canada. The official website for First Quantum Minerals is www.first-quantum.com. The company can be reached via phone at +1-604-6886577.

This page (TSE:FM) was last updated on 8/8/2022 by MarketBeat.com Staff

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