First Quantum Minerals Limited (OTCMKTS:FQVLF) Announces $0.00 Semi-Annual Dividend

First Quantum Minerals Limited (OTCMKTS:FQVLF) declared a Semi-Annual dividend on Tuesday, July 28th, Zacks reports. Shareholders of record on Friday, August 28th will be given a dividend of 0.004 per share by the basic materials company on Monday, September 21st. The ex-dividend date is Thursday, August 27th.

Shares of OTCMKTS:FQVLF traded up $0.12 during trading on Thursday, reaching $9.13. The stock had a trading volume of 1,950 shares, compared to its average volume of 31,079. First Quantum Minerals has a 52 week low of $3.33 and a 52 week high of $10.76. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $8.18 and its 200 day moving average is $7.09.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Monday, April 27th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 9.09% and a negative return on equity of 0.74%. The firm had revenue of $1.18 billion during the quarter.

A number of brokerages have recently issued reports on FQVLF. Raymond James reissued a “hold” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Deutsche Bank raised First Quantum Minerals from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, July 13th. Canaccord Genuity increased their price target on First Quantum Minerals from $11.00 to $17.50 and gave the stock a “buy” rating in a report on Monday, July 20th. Royal Bank of Canada reiterated a “buy” rating and issued a $12.00 price objective on shares of First Quantum Minerals in a research note on Tuesday, May 19th. Finally, CIBC cut their target price on shares of First Quantum Minerals from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $13.40.

First Quantum Minerals Company Profile

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.

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Dividend History for First Quantum Minerals (OTCMKTS:FQVLF)

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