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

First Quantum Minerals Limited (TSE:FM) declared a Semi-Annual dividend on Tuesday, July 28th, Zacks reports. Investors of record on Friday, August 28th will be paid a dividend of 0.005 per share on Monday, September 21st. The ex-dividend date is Thursday, August 27th.

First Quantum Minerals stock traded down C$0.39 during midday trading on Thursday, reaching C$11.63. The company’s stock had a trading volume of 523,543 shares, compared to its average volume of 3,482,655. The firm has a market capitalization of $8.29 billion and a PE ratio of -46.64. First Quantum Minerals has a fifty-two week low of C$4.71 and a fifty-two week high of C$14.12. The stock’s 50 day simple moving average is C$10.90 and its 200 day simple moving average is C$9.70. The company has a debt-to-equity ratio of 96.59, a quick ratio of 0.80 and a current ratio of 1.64.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Monday, April 27th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.10) by C($0.02). The firm had revenue of C$1.59 billion for the quarter, compared to analyst estimates of C$1.74 billion. Equities analysts predict that First Quantum Minerals will post 0.1701218 earnings per share for the current year.

FM has been the subject of a number of research analyst reports. Deutsche Bank increased their target price on shares of First Quantum Minerals from C$9.00 to C$11.00 in a report on Thursday, June 11th. CIBC upped their price target on First Quantum Minerals from C$10.00 to C$15.00 in a report on Wednesday, July 15th. BMO Capital Markets decreased their target price on First Quantum Minerals from C$9.50 to C$9.00 in a research report on Wednesday, April 8th. Citigroup upped their target price on First Quantum Minerals from C$11.00 to C$14.10 in a report on Tuesday, July 7th. Finally, Morgan Stanley upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating and raised their price target for the company from C$8.50 to C$12.20 in a research report on Tuesday, June 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$13.33.

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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Dividend History for First Quantum Minerals (TSE:FM)

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