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.

First Quantum Minerals Price Performance

FM Stock opened at C$23.91 on Tuesday. The company's fifty day simple moving average is C$24.98 and its 200 day simple moving average is C$33.02. First Quantum Minerals has a 12-month low of C$18.67 and a 12-month high of C$45.38. The firm has a market cap of C$16.54 billion and a price-to-earnings ratio of 9.56. The company has a quick ratio of 1.18, a current ratio of 2.19 and a debt-to-equity ratio of 68.45.

First Quantum Minerals (TSE:FM - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported C$0.63 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.07). The firm had revenue of C$2.43 billion for the quarter, compared to analysts' expectations of C$2.43 billion. On average, 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 disclosed a Semi-Annual dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Monday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 26th. This represents a dividend yield of 0.68%. This is a positive change from First Quantum Minerals's previous Semi-Annual dividend of $0.01. First Quantum Minerals's dividend payout ratio is currently 0.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FM shares. Barclays raised shares of First Quantum Minerals from an "underperform" rating to an "equal weight" rating and decreased their target price for the stock from C$27.00 to C$20.00 in a research note on Tuesday, July 19th. Canaccord Genuity Group raised shares of First Quantum Minerals to a "buy" rating and set a C$44.00 target price on the stock in a research note on Thursday, April 28th. BMO Capital Markets decreased their target price on shares of First Quantum Minerals from C$40.00 to C$38.00 in a research note on Monday, July 18th. Citigroup cut shares of First Quantum Minerals to a "sell" rating and decreased their target price for the stock from C$40.00 to C$20.00 in a research note on Wednesday, July 13th. Finally, CIBC decreased their target price 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 given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$34.33.