|Bid||10.94 x N/A|
|Ask||10.95 x N/A|
|Day's Range||10.88 - 11.27|
|52 Week Range||7.84 - 16.63|
|Beta (3Y Monthly)||2.94|
|PE Ratio (TTM)||19.08|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||0.01 (0.09%)|
|1y Target Est||11.75|
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (FM.TO) is pleased to announce that Cobre Panama has achieved commercial production effective September 1, 2019. This accomplishment was achieved one month earlier than previously expected as a result of a rapid and efficient ramp-up of production by the Company’s project construction and operations teams. The copper concentrator at Cobre Panama is one of the biggest in the world constructed in a single phase.
Today we are going to look at First Quantum Minerals Ltd. (TSE:FM) to see whether it might be an attractive investment...
Pangaea Investment Management Ltd said it had purchased 6 million more shares in First Quantum, bringing its stake in the company to 74.64 million shares, or 10.8%. The investment company has also entered into a forward contract through which it may choose to buy another 40 million shares. Jiangxi Copper, one of China's biggest copper producers, is a substantial shareholder in Pangaea.
TORONTO, Oct. 17, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) acknowledges the announcement by Pangaea Investment Management (“PIM”).
TORONTO, Oct. 08, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) will release third quarter 2019 financial and operating results on Monday.
Zambia will not replace its value-added tax (VAT) with a non-refundable sales tax as previously planned, Finance Minister Bwalya Ng'andu said on Friday, in a concession to mining companies that had fiercely opposed the proposal. Zambia, Africa's second-largest copper producer, is grappling with high debt levels and the effects of a severe regional drought which has depressed economic growth. The sales tax plan had been a major bone of contention between government and the mining industry, a critical sector.
(Bloomberg) -- First Quantum Minerals Ltd., the owner of Africa’s biggest copper mine, headed for the biggest loss in seven weeks after the company said it hasn’t engaged in any discussions regarding a takeover bid or other change of control transaction.The miner “is aware of speculation regarding a potential transaction involving Jiangxi Copper Co.,” First Quantum said in a statement. “The company confirms that discussions regarding a potential sale of a minority interest in First Quantum’s Zambian copper assets have occurred and are continuing. No transaction has been agreed upon and there is no guarantee that a transaction will be achieved.”First Quantum became attractive to global miners after its market value had tumbled by almost half in the past five years. Last week, people familiar with the matter said First Quantum hasn’t yet received any formal takeover offers, but it has hired defense advisers to examine its options. The people asked not to be identified because the information is private.Jiangxi Copper, China’s top producer of the metal, has built up a stake of less than 10% in First Quantum in recent months, according to people with knowledge of the matter.First Quantum shares dropped as much as 12% to C$10.72 in Toronto trading before paring losses to C$10.88 at 10:35 a.m. The Canadian company posted the biggest two-day gain in more than three years on Friday.First Quantum would likely best fit with Rio Tinto Group as the global miner seeks to diversify away from iron ore, a Liberum analyst said in a research note. Potential buyers may include several Chinese firms, National Bank analyst Shane Nagle, said in a note last week.The list of potential buyers for the Canadian miner will likely be short because most diversified miners have exited Zambia, home to First Quantum’s Kansanshi mine, or show little interest in the area, Patrick Jones, an analyst at JPMorgan Chase & Co., said in a note last week.(Updates to add analysts’ comments in seventh paragraph.)\--With assistance from William Canny.To contact the reporters on this story: Joe Richter in New York at firstname.lastname@example.org;Vinicy Chan in New York at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, ;Ben Scent at email@example.com, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Canada's main stock index fell from record highs on Monday as fresh signs of weakness in the euro zone and worries about a U.S.-China trade deal kept investors on the sidelines, while shares in First Quantum Minerals Ltd slumped 10% after the miner denied takeover talks. * First Quantum was the biggest decliner on the main index after it said it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper for a potential sale of a minority interest in its Zambian copper assets. * Shares of Osisko Gold Royalties Ltd followed with a 7.2% fall after the miner said it would buy Barkerville Gold Mines for C$338 million.
Canada's First Quantum Minerals Ltd said on Monday it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets. The company's shares have risen about 20% since Bloomberg reported on Thursday that First Quantum was attracting preliminary takeover interest and is working with defense advisers to weigh its options. International miners such as First Quantum have also looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM), claiming KCM has breached the terms of its licence.
Germany's North Channel Bank has been fined 110 million Danish crowns ($16.2 million) by a court in Denmark for its involvement in a dividend stripping scheme. Denmark's tax authorities have said they lost around $2 billion in the so-called tax stripping scandal that hit several countries across Europe including Germany, Belgium and Austria. The fine marks the first court ruling on the scam in Denmark where the government is trying to recover the money.
TORONTO, Sept. 23, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) is aware of speculation regarding a potential transaction involving Jiangxi.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. The mining body said in proposals submitted to the finance ministry that the 2019 mining tax regime had raised the tax burden on mines to unsustainable and uncompetitive levels. "If the 1.5% increment on each band of the sliding scale is to be maintained, the maximum rate should be capped at 7.5%, for an LME copper price equalling or exceeding US$7,500/tonne," the Chamber of Mines said.
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
TORONTO, July 29, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today announced that its Board of Directors has approved an interim dividend.
TORONTO, July 29, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today reported comparative earnings1 of $87 million or $0.13 per share1, net.
Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. To...