FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
14.01
+0.08 (+0.57%)
At close: 4:00PM EST
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Previous Close13.93
Open14.05
Bid14.00 x 0
Ask14.05 x 0
Day's Range13.43 - 14.07
52 Week Range9.45 - 23.05
Volume3,619,674
Avg. Volume3,250,909
Market Cap9.658B
Beta (3Y Monthly)3.65
PE Ratio (TTM)21.89
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.01 (0.07%)
Ex-Dividend Date2018-08-27
1y Target EstN/A
  • Associated Press2 days ago

    First Quantum Minerals: 4Q Earnings Snapshot

    On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring gains, came to 26 cents per share. The metal and minerals mining ...

  • Copper Miner's $10 Billion Bet Comes to Life in Panama Jungle
    Bloomberg3 days ago

    Copper Miner's $10 Billion Bet Comes to Life in Panama Jungle

    Cobre Panama, a vast mining and processing complex near Panama’s Atlantic coast, processed its first ore on Monday, a half century after the deposit was discovered. At full production in 2021, it will turn Vancouver-based First Quantum into a top copper producer alongside giants like Freeport-McMoRan Inc. and BHP Group. For Panama, it’s the biggest investment ever outside the canal and makes the Central American country a key supplier to a copper market facing labor unrest and governments grasping for greater takes.

  • Why Freeport-McMoRan Is Surging Today
    Market Realist3 days ago

    Why Freeport-McMoRan Is Surging Today

    Why Freeport-McMoRan Is Surging TodayFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is trading with gains of 5.5% as of 11:55 AM EST. Southern Copper (SCCO) and First Quantum Minerals (FM) have gained 1.6% and 1.4%,

  • Moody's10 days ago

    First Quantum Minerals Ltd -- Moody's announces completion of a periodic review of ratings of First Quantum Minerals Ltd

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First Quantum Minerals Ltd and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • First Quantum Is Said to Offer $700 Million for Zambia Mine
    Bloomberg12 days ago

    First Quantum Is Said to Offer $700 Million for Zambia Mine

    Vancouver-based First Quantum already owns 80 percent of the Kansanshi mine in Zambia’s North-Western Province, while state-owned ZCCM Investments Holdings Plc holds the rest. The deal would also include ZCCM-IH dropping a $1.4 billion legal claim against First Quantum over a loan the company received from Kansanshi, the people said. First Quantum spokesman John Gladston declined to comment when contacted on Monday.

  • Thomson Reuters StreetEvents19 days ago

    Edited Transcript of FM.TO earnings conference call or presentation 30-Oct-18 1:00pm GMT

    Q3 2018 First Quantum Minerals Ltd Earnings Call

  • Barrick CEO on Zambia Tax Dispute: Threats Don't Solve Problems
    Bloomberg23 days ago

    Barrick CEO on Zambia Tax Dispute: Threats Don't Solve Problems

    “We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capital, Abidjan. Mining companies in Zambia, Africa’s second-biggest copper producer, have warned that the tax hikes will harm the industry and some producers have said they’ll curtail operations as a result of the changes.

  • Could Freeport-McMoRan’s Rally Lose Steam?
    Market Realist25 days ago

    Could Freeport-McMoRan’s Rally Lose Steam?

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall Street(Continued from Prior Part)Freeport-McMoRan’s rally As of January 18, Freeport-McMoRan (FCX) stock had risen 21.8% this year. Of the 23 analysts covering the stock, seven have assigned it

  • Reuters25 days ago

    First Quantum Minerals scraps plan to cut jobs in Zambia

    Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2,500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over the issue. "First ...

  • Is Freeport-McMoRan Finally Catching Up with Copper?
    Market Realist26 days ago

    Is Freeport-McMoRan Finally Catching Up with Copper?

    Freeport-McMoRan’s Q4 Earnings: The Word on Wall StreetFreeport-McMoRanUS-based copper miner Freeport-McMoRan (FCX) is having a strong run this year. As of January 18, Freeport had gained 21.8% year-to-date. Other copper miners are also strong,

  • Reuterslast month

    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.

  • Reuterslast month

    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 ...

  • Reuterslast month

    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.

  • Reuters2 months 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 ...

  • Reuters2 months ago

    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 Realist2 months ago

    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.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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 Realist2 months ago

    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%.

  • Freeport-McMoRan’s Earnings Are Expected to Fall
    Market Realist3 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 Realist3 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 Realist3 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.