First Quantum Minerals Limited (FQVLF) to Issue Semi-Annual Dividend of $0.00 on September 21st

First Quantum Minerals Limited (OTCMKTS:FQVLF) announced 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 FQVLF traded up $0.12 during midday trading on Thursday, reaching $9.13. The stock had a trading volume of 1,950 shares, compared to its average volume of 31,079. 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 company has a market capitalization of $6.29 billion, a price-to-earnings ratio of -15.21 and a beta of 2.67. The company’s 50-day moving average is $8.18 and its 200 day moving average is $7.09. First Quantum Minerals has a 12-month low of $3.33 and a 12-month high of $10.76.

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

A number of equities research analysts have recently issued reports on FQVLF shares. Raymond James reaffirmed a “hold” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Barclays lowered shares of First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 20th. They noted that the move was a valuation call. Citigroup lifted their price objective on First Quantum Minerals from $11.00 to $14.10 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Canaccord Genuity boosted their target price on First Quantum Minerals from $11.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Credit Suisse Group upgraded First Quantum Minerals from a “neutral” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Tuesday, April 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. First Quantum Minerals currently has an average rating of “Buy” and an average price target 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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