First Quantum Minerals Limited (TSE:FM) Declares Semi-Annual Dividend of $0.01

First Quantum Minerals Limited (TSE:FM) declared a Semi-Annual dividend on Tuesday, July 28th, Zacks reports. Shareholders of record on Friday, August 28th will be given a dividend of 0.005 per share on Monday, September 21st. The ex-dividend date is Thursday, August 27th.

Shares of FM traded down C$0.39 during mid-day trading on Thursday, reaching C$11.63. The company’s stock had a trading volume of 523,543 shares, compared to its average volume of 3,482,655. The company has a market cap of $8.29 billion and a price-to-earnings ratio of -46.64. The business has a fifty day moving average of C$10.90 and a 200 day moving average of C$9.70. The company has a quick ratio of 0.80, a current ratio of 1.64 and a debt-to-equity ratio of 96.59. First Quantum Minerals has a 1 year low of C$4.71 and a 1 year high of C$14.12.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Monday, April 27th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C($0.10) by C($0.02). The company had revenue of C$1.59 billion during the quarter, compared to analysts’ expectations of C$1.74 billion. On average, analysts predict that First Quantum Minerals will post 0.1701218 earnings per share for the current year.

Several equities analysts have weighed in on FM shares. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their target price for the company from C$10.50 to C$14.00 in a research note on Tuesday, June 9th. Raymond James boosted their price objective on First Quantum Minerals from C$10.50 to C$14.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 15th. Deutsche Bank increased their price target on shares of First Quantum Minerals from C$9.00 to C$11.00 in a report on Thursday, June 11th. Canaccord Genuity raised their target price on First Quantum Minerals from C$11.00 to C$17.50 in a research report on Monday, July 20th. Finally, BMO Capital Markets dropped their price objective on shares of First Quantum Minerals from C$9.50 to C$9.00 in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$13.33.

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 (TSE:FM)

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