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.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Eight Capital upped their target price on First Quantum Minerals from C$40.00 to C$50.00 and gave the stock a "market perform" rating in a report on Thursday, April 21st. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$53.00 to C$45.00 in a report on Friday, July 8th. BNP Paribas upgraded shares of First Quantum Minerals to a "buy" rating and set a C$30.00 target price on the stock in a report on Wednesday, July 13th. National Bankshares decreased their price target on shares of First Quantum Minerals from C$35.00 to C$32.50 and set an "outperform" rating for the company in a research note on Tuesday, July 19th. Finally, CIBC dropped their price objective on shares of First Quantum Minerals from C$34.00 to C$28.00 in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$34.33.

First Quantum Minerals Stock Up 2.3 %

Shares of FM Stock opened at C$25.01 on Monday. The company has a 50 day simple moving average of C$25.27 and a two-hundred day simple moving average of C$33.07. The stock has a market cap of C$17.30 billion and a P/E ratio of 10.00. First Quantum Minerals has a 12 month low of C$18.67 and a 12 month high of C$45.38. The company has a current ratio of 2.19, a quick ratio of 1.18 and a debt-to-equity ratio of 68.45.

First Quantum Minerals (TSE:FM - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.07). The firm had revenue of C$2.43 billion during the quarter, compared to analysts' expectations of C$2.43 billion. On average, research analysts expect that First Quantum Minerals will post 1.9100001 earnings per share for the current year.

First Quantum Minerals Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th will be issued a $0.16 dividend. This is an increase from First Quantum Minerals's previous Semi-Annual dividend of $0.01. This represents a yield of 0.68%. The ex-dividend date is Friday, August 26th. First Quantum Minerals's payout ratio is currently 0.31%.