First Quantum Minerals (FM) Set to Announce Earnings on Monday

First Quantum Minerals (TSE:FM) will release its earnings data after the market closes on Monday, April 29th. Analysts expect First Quantum Minerals to post earnings of C$0.12 per share for the quarter.

First Quantum Minerals (TSE:FM) last announced its earnings results on Thursday, February 14th. The company reported C$0.34 EPS for the quarter, missing the consensus estimate of C$0.36 by C($0.02). The firm had revenue of C$1.39 billion during the quarter, compared to analyst estimates of C$1.29 billion.

Shares of TSE FM opened at C$15.93 on Monday. First Quantum Minerals has a 12 month low of C$9.45 and a 12 month high of C$23.05. The firm has a market cap of $10.92 billion and a PE ratio of 24.89. The company has a debt-to-equity ratio of 81.12, a current ratio of 1.99 and a quick ratio of 1.16.

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.005 per share. This represents a dividend yield of 0.03%. The ex-dividend date of this dividend is Friday, April 12th. First Quantum Minerals’s dividend payout ratio is 1.21%.

Several brokerages have recently commented on FM. National Bank Financial set a C$17.50 target price on First Quantum Minerals in a report on Thursday. Canaccord Genuity downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and upped their target price for the company from C$16.00 to C$17.00 in a report on Monday, April 15th. Raymond James reduced their target price on First Quantum Minerals from C$21.00 to C$19.00 in a report on Monday, April 8th. JPMorgan Chase & Co. downgraded First Quantum Minerals from an “overweight” rating to a “neutral” rating in a report on Friday, April 5th. Finally, CIBC upped their target price on First Quantum Minerals from C$17.00 to C$18.00 in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$19.14.

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About First Quantum Minerals

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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Earnings History for First Quantum Minerals (TSE:FM)

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