First Quantum Minerals Limited (OTCMKTS:FQVLF) Announces $0.00 Semi-Annual Dividend

First Quantum Minerals Limited (OTCMKTS:FQVLF) declared a Semi-Annual dividend on Tuesday, July 28th, Zacks reports. Investors 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 OTCMKTS FQVLF traded up $0.12 during mid-day trading on Thursday, reaching $9.13. The company had a trading volume of 1,950 shares, compared to its average volume of 31,079. The stock has a market capitalization of $6.29 billion, a PE ratio of -15.21 and a beta of 2.67. The stock’s 50 day moving average is $8.18 and its 200-day moving average is $7.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 1.25. First Quantum Minerals has a twelve month low of $3.33 and a twelve month high of $10.76.

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

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity boosted their price target on shares of First Quantum Minerals from $11.00 to $17.50 and gave the stock a “buy” rating in a research note on Monday, July 20th. Deutsche Bank upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, July 13th. TD Securities raised First Quantum Minerals to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, June 9th. CIBC reduced their target price on First Quantum Minerals from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $12.00 price objective on shares of First Quantum Minerals in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price 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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