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

First Quantum Minerals Limited (TSE:FM) declared a Semi-Annual dividend on Monday, July 29th, Zacks reports. Investors of record on Wednesday, August 28th will be given a dividend of 0.005 per share on Thursday, September 19th. The ex-dividend date of this dividend is Tuesday, August 27th.

TSE:FM traded down C$0.16 during mid-day trading on Wednesday, hitting C$11.97. The company’s stock had a trading volume of 394,791 shares, compared to its average volume of 2,866,468. First Quantum Minerals has a 1 year low of C$9.45 and a 1 year high of C$20.63. The company has a current ratio of 2.10, a quick ratio of 1.25 and a debt-to-equity ratio of 87.75. The company has a market capitalization of $8.03 billion and a PE ratio of 18.43. The business’s fifty day moving average price is C$12.00.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Monday, April 29th. The company reported C$0.19 EPS for the quarter, meeting the consensus estimate of C$0.19. The business had revenue of C$1.14 billion during the quarter, compared to analysts’ expectations of C$1.28 billion. On average, equities research analysts predict that First Quantum Minerals will post 0.99 EPS for the current fiscal year.

Several equities research analysts have commented on FM shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 650 ($8.49) price target on shares of in a report on Thursday, June 20th. TD Securities lowered their price target on shares of West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. CIBC lowered shares of TransAlta Renewables from a “neutral” rating to an “underperform” rating and upped their price target for the company from C$13.00 to C$13.50 in a report on Wednesday, April 3rd. CSFB lowered their price target on shares of First Quantum Minerals from C$23.00 to C$12.00 in a report on Tuesday, May 28th. Finally, Deutsche Bank set a $28.00 price target on shares of Colfax and gave the company a “hold” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. First Quantum Minerals presently has an average rating of “Buy” and an average price target of C$15.67.

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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