Equities Analysts Set Expectations for First Quantum Minerals Limited’s Q3 2019 Earnings (TSE:FM)

First Quantum Minerals Limited (TSE:FM) – Analysts at Raymond James issued their Q3 2019 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Monday, April 8th, according to Zacks Investment Research. Raymond James analyst A. Terentiew forecasts that the company will post earnings of $0.27 per share for the quarter. Raymond James has a “Outperform” rating and a $18.00 price target on the stock. Raymond James also issued estimates for First Quantum Minerals’ Q4 2019 earnings at $0.33 EPS.

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

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lowered First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research note on Friday, April 5th. National Bank Financial set a C$17.50 price target on First Quantum Minerals in a research note on Thursday, April 18th. Royal Bank of Canada decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities decreased their price objective on First Quantum Minerals from C$26.00 to C$24.00 in a report on Friday, February 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$20.00 price objective on shares of First Quantum Minerals in a report on Wednesday, January 9th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$18.77.

FM traded up C$0.41 on Thursday, hitting C$13.30. 2,473,100 shares of the stock traded hands, compared to its average volume of 2,911,610. First Quantum Minerals has a 52 week low of C$9.45 and a 52 week high of C$23.05. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 87.75. The firm has a market capitalization of $9.11 billion and a price-to-earnings ratio of 20.46.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.005 per share. This represents a yield of 0.03%. The ex-dividend date is Friday, April 12th. First Quantum Minerals’s payout ratio is 1.54%.

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 and Estimates for First Quantum Minerals (TSE:FM)

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