FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
12.75
+0.05 (+0.39%)
At close: 4:00PM EST
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Previous Close12.70
Open12.74
Bid12.73 x 0
Ask12.99 x 0
Day's Range12.59 - 12.90
52 Week Range9.45 - 23.05
Volume822,153
Avg. Volume3,304,882
Market Cap8.79B
Beta (3Y Monthly)3.74
PE Ratio (TTM)70.44
EPS (TTM)0.18
Earnings DateFeb 11, 2019 - Feb 15, 2019
Forward Dividend & Yield0.01 (0.08%)
Ex-Dividend Date2018-08-27
1y Target Est15.19
  • Reuters6 days ago

    CANADA STOCKS-TSX rises on gains in bank shares

    * At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 57.23 points, or 0.38 percent, at 15,103.51. * The optimism spilled over from Wall Street, which rose after strong earnings reports from Goldman Sachs and Bank of America. * On the TSX, 163 issues were higher, while 67 issues declined for a 2.43-to-1 ratio favouring gainers, with 12.74 million shares traded.

  • PR Newswire6 days ago

    First Quantum Minerals Announces Preliminary 2018 Production and Sales

    TORONTO , Jan. 15, 2019 /PRNewswire/ --  First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM")  today announced its preliminary production and sales ...

  • First Quantum Minerals Announces Preliminary 2018 Production and Sales
    PR Newswire7 days ago

    First Quantum Minerals Announces Preliminary 2018 Production and Sales

    TORONTO , Jan. 15, 2019 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM")  today announced its preliminary production and sales ...

  • First Quantum Minerals Announces Preliminary 2018 Production and Sales
    CNW Group7 days ago

    First Quantum Minerals Announces Preliminary 2018 Production and Sales

    First Quantum Minerals Announces Preliminary 2018 Production and Sales

  • ACCESSWIRE11 days ago

    Today's Research Reports on GoGold Resources, Allegiant Gold, Imperial Mining Group and First Quantum Minerals

    NEW YORK, NY / ACCESSWIRE / January 11, 2019 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...

  • Reuters14 days ago

    CANADA STOCKS-TSX hits more than three-week high in broad-based rally

    Canada's main stock index touched a more than three-week high on Tuesday in a broad-based rally led by energy stocks, which rose in tandem with oil prices. * At 9:38 a.m. ET , the Toronto Stock Exchange's ...

  • Deep in a Panama Rainforest, First Quantum Bondholders Spy Prize
    Bloomberg14 days ago

    Deep in a Panama Rainforest, First Quantum Bondholders Spy Prize

    The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a more prominent place of operations, bondholders should benefit as Panama’s stronger credit rating feeds into the debt’s prices, First Quantum President Clive Newall said in an interview.

  • Reuters19 days ago

    Zambia says mines have failed to show impact of higher taxes

    Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday. The country, Africa's second-largest copper producer, increased its sliding scale for royalties of 4 to 6 percent by 1.5 percentage points from Jan. 1 and introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne. Zambia also plans to replace value-added tax with a sales tax by April to help bring down mounting public debt.

  • Reuters25 days ago

    CANADA STOCKS - TSX rises 0.40 percent; caps off best week since Feb

    * The Toronto Stock Exchange's S&P/TSX rose 56.79 points, or 0.40 percent, to 14,222.00 to cap off a weekly gain of more than 2 percent, the best weekly performance since February. * Leading the index ...

  • Reuterslast month

    First Quantum Minerals plans 2,500 layoffs in Zambia over tax hikes

    Canada's First Quantum Minerals (FQM) said on Friday that it would lay off 2,500 workers in Zambia over plans by Africa's No.2 copper producer to hike mining taxes. The southern African country plans to introduce new mining duties, replace value-added tax (VAT) with a sales tax and increase royalties, from January, to help bring down mounting public debt. FQM said in a statement that it planned 1,250 layoffs at its Sentinel Mine at Kalumbila and 1,250 at the Kansanshi mine in Solwezi in the first quarter of 2019, as well as an unspecified number of contractors.

  • Freeport-McMoRan: Is the Worst Over?
    Market Realistlast month

    Freeport-McMoRan: Is the Worst Over?

    As we discussed in this series, falling copper prices have taken a toll on Freeport-McMoRan (FCX). Other miners including Southern Copper (SCCO), First Quantum Minerals (FM), and Rio Tinto (RIO) are also having a somber year. Falling copper prices aren’t the only concern for Freeport-McMoRan investors. The company is staring at a sharp fall in earnings in 2019 as the Grasberg mine transitions from overground to underground operations. Freeport-McMoRan still needs to sort out the environmental claims made by the Indonesian government.

  • Reuterslast month

    Zambia pricing itself out of global mining with tax hikes -industry body

    Zambia is pricing itself out of the global mining market with proposed tax increases, the head of the local mining body said on Thursday, a further warning to investors rattled by the government's efforts to squeeze more money from the sector. Africa's No.2 copper producer plans to introduce new mining duties, replace value-added tax (VAT) with a sales tax and increase royalties, from January, to help bring down mounting public debt. Mining accounts for more than 70 percent of Zambia's foreign exchange earnings and companies operating in the southern African nation include First Quantum, Glencore and Vedanta Resources.

  • Reuterslast month

    First Quantum Minerals to cut over 1,000 jobs at Zambia mine

    Canada's First Quantum Minerals plans to lay off more than 1,000 workers at Zambia's Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday. Labour Minister Joyce Simukoko told Reuters that the management at Kalumbila mine wrote to her office last week informing her of the planned job cuts. "We received the letter last week informing us that they want to lay off more than 1,000 workers starting in January but we think these are arm-twisting tactics," Simukoko said.

  • Reuterslast month

    CANADA STOCKS-TSX gains as energy shares rally

    Canada's main stock index gained on Tuesday in a broad-based rally led by energy stocks, which were supported by higher oil prices. ** The energy sector climbed 1.7 percent as crude prices jumped on the back of strength in global stocks, a slightly weaker dollar and an unplanned supply outage in OPEC member Libya. * At 9:38 a.m. ET (1438 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 216.02 points, or 1.47 percent, at 14,944.3.

  • Reuterslast month

    Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

    Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. The Chamber of Mines said it met officials at the ministry of finance last week to present its views on the likely impact of the tax changes contained in the 2019 budget, which include capital expenditure cutbacks of more than $500 million. "Our members continue to review their operations and are having to consider scaling back substantially while reducing capital expenditure by over a half billion dollars over the next three years," chamber of mines spokesman Talent Ng'andwe said by email in response to questions by Reuters.

  • Chinese Copper Imports Fell: Not a Reason to Panic Yet
    Market Realistlast month

    Chinese Copper Imports Fell: Not a Reason to Panic Yet

    In the previous articles, we discussed China’s steel and aluminum exports. While China (FXI) accounts for the bulk of global steel and aluminum capacity, it lacks in copper deposits and is the largest copper importer. China imported 423,000 metric tons of unwrought copper last month, a YoY fall of 3.0%.

  • ACCESSWIRE2 months ago

    Today's Research Reports on Centamin, Imperial Mining Group, First Quantum Minerals and Kirkland Lake Gold

    NEW YORK, NY / ACCESSWIRE / December 4, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...

  • Freeport-McMoRan’s Earnings Are Expected to Fall
    Market Realist2 months ago

    Freeport-McMoRan’s Earnings Are Expected to Fall

    Comparative analysis Freeport-McMoRan (FCX) posted an adjusted EBITDA of $1.8 billion in the third quarter. The company posted an EBITDA of $2.1 billion in the second quarter and $1.6 billion in the third quarter of 2017. The sequential decline in Freeport-McMoRan’s earrings, like other copper miners, was due to lower copper prices. After peaking in June, copper prices have come under pressure due to concerns about Chinese demand and the trade war. Southern Copper’s (SCCO) third-quarter EBITDA of $868 million was comparable to the third quarter of 2017. ...

  • Lower Energy Prices: Boon or Bane for Copper Miners?
    Market Realist2 months ago

    Lower Energy Prices: Boon or Bane for Copper Miners?

    Previously, we discussed copper miners’ production profiles and 2018 guidance. In this part, we’ll look at leading copper producers’ unit cash costs and see what’s impacted their unit cost progression.

  • Copper Miners Expect Higher Production, Labor Threat Eases
    Market Realist2 months ago

    Copper Miners Expect Higher Production, Labor Threat Eases

    In 2018, labor contracts at several leading copper mines came up for negotiation. Analysts expected disruptions in the copper supply due to labor disruptions. However, the copper supply has been smooth in 2018. Analysts build a disruption allowance in their models due to copper’s unpredictable supply. Most copper mining companies provide a guidance range instead of a specific guidance. In this part, we’ll discuss leading copper miners’ production guidance.

  • How Are Copper Miners Placed in Q4 2018?
    Market Realist2 months ago

    How Are Copper Miners Placed in Q4 2018?

    The third-quarter earnings season is nearly over. Most copper miners (XME) including First Quantum Minerals (FM) and Freeport-McMoRan (FCX) have released their third-quarter results. Diversified miners like Rio Tinto (RIO) and BHP Billiton (BHP) have only released their operating performance. They only release their half-yearly and annual financial results.

  • Analysts See a 70% Upside in First Quantum Minerals
    Market Realist2 months ago

    Analysts See a 70% Upside in First Quantum Minerals

    First Quantum Minerals (FM) has received “strong buy” ratings from eight analysts, while nine have given it “buy” ratings or some equivalent. The remaining five analysts polled by Thomson Reuters on November 22 have rated the stock as a “hold.”

  • How Much Upside Do Analysts See in SCCO amid Lower Copper Prices?
    Market Realist2 months ago

    How Much Upside Do Analysts See in SCCO amid Lower Copper Prices?

    Southern Copper (SCCO) has received a “buy” rating from only one analyst, while three have given it “hold” ratings. Three analysts have given it “sell” ratings, and the remaining analyst polled by Thomson Reuters on November 22 has given the stock a “strong sell” rating. Southern Copper has the lowest percentage of “buy” ratings among the copper miners we’re covering in this series.

  • Analysts Weigh in on Antofagasta amid Lower Copper Prices
    Market Realist2 months ago

    Analysts Weigh in on Antofagasta amid Lower Copper Prices

    Antofagasta (ANTO) has received “strong buy” ratings from seven analysts, while five have given it “buy” ratings or some equivalent. Six analysts have given Antofagasta “hold” ratings, while the remaining three analysts polled by Thomson Reuters on November 22 have rated it as a “sell” or lower.

  • Freeport Continues to Face Analysts’ Wrath after Its Q3 Results
    Market Realist2 months ago

    Freeport Continues to Face Analysts’ Wrath after Its Q3 Results

    Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while six have given it “buy” ratings. Thirteen analysts have given Freeport “hold” ratings, while the remaining two analysts polled by Thomson Reuters on November 22 have given it “sell” ratings or some equivalent.