FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
13.31
+0.79 (+6.31%)
At close: 4:15PM EDT
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Previous Close12.52
Open12.97
Bid13.28 x N/A
Ask13.31 x N/A
Day's Range12.97 - 13.49
52 Week Range9.45 - 20.63
Volume3,171,829
Avg. Volume2,824,801
Market Cap9.121B
Beta (3Y Monthly)2.94
PE Ratio (TTM)20.48
EPS (TTM)0.65
Earnings DateJul 29, 2019
Forward Dividend & Yield0.01 (0.08%)
Ex-Dividend Date2019-04-12
1y Target Est13.38
  • Reuters3 days ago

    Colombia wants to become player in copper in next few years -government official

    Colombia is looking to become a notable producer of copper within the next few years, the head of the national mining agency said, in a bid to diversify its mining output without neglecting production of coal and gold. Mining in Colombia has historically been focused on large coal mines along its northern coast and relatively small scale gold and emerald operations in the Andes. "We have the potential, but we're an unexplored country in terms of copper," said agency president Silvana Habib in an interview on Thursday.

  • GlobeNewswire11 days ago

    First Quantum Provides Notice of Second Quarter Results Release

    TORONTO, July 11, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) will release second quarter 2019 financial and operating results on Monday.

  • Is First Quantum Minerals Ltd.'s (TSE:FM) CEO Pay Fair?
    Simply Wall St.27 days ago

    Is First Quantum Minerals Ltd.'s (TSE:FM) CEO Pay Fair?

    Philip Kelvin Pascall has been the CEO of First Quantum Minerals Ltd. (TSE:FM) since 1996. This report will, first...

  • What to Know About Copper Investing (FCX, FM.TO)
    Investopedia27 days ago

    What to Know About Copper Investing (FCX, FM.TO)

    Copper investing is driven by the fact that it's an overlooked metal with important worldwide applications.

  • PR Newswire28 days ago

    First Quantum Minerals Announces the Commencement of Copper Concentrate Shipping at Cobre Panama

    TORONTO, June 24, 2019 /CNW/ - First Quantum Minerals Ltd. ("First Quantum" or "the Company") (FM.TO) announced today that the first shipment of copper concentrate from Cobre Panama has left port.  This shipment is the first from the operation and a significant milestone of the ongoing ramp-up.  Cobre Panama is the Company's newest operation located in the district of Donoso, Colon province, in the Republic of Panama, which commenced production earlier in the year. The Missy Enterprise (a Panama flagged vessel), departed the Punta Rincon port at Cobre Panama on June 19, 2019 with a total load of 31,377 wet metric tonnes of copper concentrate as per the Captain's draft survey. The next vessel, the Clarke Quay, has already docked at the Cobre Panama port and will be loading approximately 44,000 wet metric tonnes of copper concentrate over the next few days.

  • Reuterslast month

    Zambian president threatens to fine miners who break law

    Zambia will fine and break ties with mining firms that fail to operate according to the southern African country's laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run its Konkola Copper Mines (KCM) business and is seeking international arbitration. Zambia, Africa's second-largest copper producer, says KCM has breached the terms of its licence.

  • Exclusive: Zambian government has no plans to seize First Quantum - sources
    Reuterslast month

    Exclusive: Zambian government has no plans to seize First Quantum - sources

    LUSAKA/LONDON/TORONTO (Reuters) - Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Canadian-listed First Quantum has looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta's Konkola Copper Mines (KCM), claiming KCM has breached the terms of its license. The move has unnerved international miners concerned about rising resource nationalism in Zambia and neighboring countries.

  • Moody'slast month

    First Quantum Minerals Ltd -- Moody's downgrades FQM's rating to Caa1; outlook changed to stable

    Moody's Investors Service ("Moody's") has today downgraded to Caa1 from B3 the corporate family rating (CFR), to Caa1-PD from B3-PD the probability of default rating (PDR) and to Caa1 from B3 the senior unsecured rating of First Quantum Minerals Ltd (FQM). "Social risk considerations were a key driver of this rating action, which incorporates the increasingly difficult operating environment in Zambia with the proposed introduction of a non-refundable sales tax leading to a downward adjustment of our projections for FQM. Lower forecasted profitability and cash flow generation from the two Zambian copper mines will prevent FQM from meaningful deleveraging over the next 12-18 months despite the ramp up of production at the Cobra Panama mine", says Sven Reinke, Senior Vice President and Moody's lead analyst for FQM.

  • Reuters2 months ago

    First Quantum says it has complied with all rules in Panama mining contract

    Canadian miner First Quantum Minerals said on Wednesday it had "fully complied" with local rules in operating Cobre Panama, one of the region's largest copper mines, after Panama's president-elect said he would review the company's contract.

  • What Kind Of Shareholder Owns Most First Quantum Minerals Ltd. (TSE:FM) Stock?
    Simply Wall St.2 months ago

    What Kind Of Shareholder Owns Most First Quantum Minerals Ltd. (TSE:FM) Stock?

    Every investor in First Quantum Minerals Ltd. (TSE:FM) should be aware of the most powerful shareholder groups. Large...

  • Reuters2 months ago

    UPDATE 2-Panama president-elect plans review of Canadian miner First Quantum's contract

    Panamanian President-elect Laurentino Cortizo said on Tuesday his government would review a mining contract awarded to a subsidiary of Canada's First Quantum Minerals, casting a cloud of uncertainty around a key project for the firm. While the new government values the security of contracts, "the company has to respect that we have the right as Panamanians to review clause by clause," Cortizo, who takes office on July 1, told reporters. A spokesman for First Quantum Minerals did not immediately respond to a request for comment.

  • Reuters2 months ago

    Vedanta's Zambia liquidation case adjourned until June 4

    LUSAKA/JOHANNESBURG (Reuters) - A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4. The government is pressing for the liquidation of KCM which it has accused of breaching its operating licence. The company faces a lawsuit in the English courts over allegations KCM polluted the land of nearly 2,000 Zambian villagers.

  • Reuters2 months ago

    Zambia seeks 'divorce' from Vedanta over alleged mining breaches

    Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector. Zambian President Edgar Lungu announced the plan on Monday, which his spokesman said followed a number of breaches of the terms of the licence, without giving details. Zambia, Africa's second-biggest copper producer, has also proposed tax changes that Lungu says he will push through, despite opposition from international miners which say they will deter investment that Zambia desperately needs.

  • PR Newswire2 months ago

    First Quantum Minerals Announces Voting Results for the Election of Directors

    TORONTO , May 9, 2019 /PRNewswire/ -- First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM)   announced that the nominees listed in the Management Information Circular ...

  • Here's What First Quantum Minerals Ltd.'s (TSE:FM) ROCE Can Tell Us
    Simply Wall St.3 months ago

    Here's What First Quantum Minerals Ltd.'s (TSE:FM) ROCE Can Tell Us

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll look at First Quantum Minerals Ltd. (TSE:FM) and reflect on its potential as an investment...

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of FM.TO earnings conference call or presentation 30-Apr-19 1:00pm GMT

    Q1 2019 First Quantum Minerals Ltd Earnings Call

  • Reuters3 months ago

    Zambia's finance minister says tax reforms needed to cut debt

    Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday. The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately needs. In a speech in Lusaka, Finance Minister Margaret Mwanakatwe told business leaders, who are involved in extended consultations over the tax change, that the move was necessary to stop "debt escalation".

  • PR Newswire3 months ago

    First Quantum Minerals Reports First Quarter 2019 Results

    (In United States dollars, except where noted otherwise) VANCOUVER, British Columbia , April 29, 2019 /PRNewswire/ -- First Quantum Minerals Ltd. ("First Quantum" or "the Company") ...