|Bid||17.90 x 0|
|Ask||17.94 x 0|
|Day's Range||17.87 - 18.24|
|52 Week Range||12.09 - 23.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018|
|Forward Dividend & Yield||0.01 (0.05%)|
|1y Target Est||18.67|
First Quantum Minerals (FM) has received “strong buy” ratings from seven analysts, while six have rated the stock as a “buy.” The remaining 11 analysts polled by Thomson Reuters on July 5 rated the stock as a “hold” or some equivalent. First Quantum has received a mean consensus price target of 24.16 Canadian dollars, representing a potential upside of 30.0% over its July 5 closing price. In terms of recent action, on June 29, Scotiabank upgraded First Quantum to “focus list.” Prior to that, on June 14, TD Securities upgraded the stock from a “buy” to an “action list” and raised its target price from 25 to 30 Canadian dollars.
First Quantum to Release Second Quarter 2018 Financial and Operating Results on July 30, 2018
TORONTO , July 9, 2018 /PRNewswire/ - First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM") will publish its second quarter 2018 financial and operating ...
* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 47.28 points, or 0.29 percent, at 16,257.44. * Gold prices fell despite a weaker dollar as investors worried that U.S. Federal Reserve minutes, due later in the day, would highlight scope for further rate hikes. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5 percent as spot gold fell 0.1 percent to $1254.95 an ounce, while copper prices declined 0.1 percent to $6,382.5 a tonne.
Zambia agreed to give First Quantum Minerals Ltd. more time to complete its analysis of what the company might owe the southern African nation after it was slapped with a $7.9 billion tax bill, according to the finance minister. The Vancouver-based company is challenging the assessment from Zambia’s revenue agency, which claims First Quantum incorrectly declared imports for one of its two mines in Africa’s second-biggest copper producer. The government has audited major mining companies operating in the country, which include Vedanta Resources Plc and Glencore Plc.
NEW YORK, NY / ACCESSWIRE / July 4, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
Rio Tinto wants copper, and it's ready to pay top-dollar. The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters. If it can't land a big copper project, it is weighing the cumulative power of a series of more modest acquisitions to increase its exposure to a metal expected to be in high demand from the electric vehicle and renewable energy industries, the sources said.
Is It Time to Fall in Love with Copper Stocks? The stock carries a mean consensus target price of 23.82 Canadian dollars, which represents 10.6% upside over its closing price on June 12. The stock has outperformed some of the other copper miners (RIO) like Freeport-McMoRan (FCX) and Southern Copper (SCCO).
Canada's main stock index edged higher on Tuesday as copper prices hit a six-week high, boosting the materials sector. * At 9:36 a.m. ET (1336 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 57.22 points, or 0.36 percent, at 16,109.46. * Concerns over the potential supply impact of wage negotiations at BHP's Escondida mine, in Chile, the world's biggest copper mine, helped copper prices advance 1 percent to $7,045.5 a tonne.
NEW YORK, NY / ACCESSWIRE / May 31, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with ...
In this part of our series, we’ll look at copper miners’ first-quarter free cash flows and look at the 2018 cash flow guidance. You can define free cash flows as operating cash flows minus capital expenditure (or capex). It’s a key metric that investors in metal and mining companies should track.
Previously in this series, we looked at copper miners’ first-quarter production and 2018 guidance. When commodity prices fall, high-cost producers become unprofitable much sooner than their peers, which are placed more favorably on the cost curve. It’s, therefore, crucial for commodity producers to have competitive cost structures.
A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest salmon fisheries in Alaska has backed away from the project. Northern Dynasty Minerals Ltd., which is seeking to develop the Pebble Mine project in southwest Alaska, said Friday that it was unable to finalize an agreement with First Quantum Minerals Ltd., the potential investor. It was not immediately clear what happened or what this means for the project, which has a permit application pending with the U.S. Army Corps of Engineers.
Developers of a proposed copper-and-gold mine near a world-class salmon fishery in southwest Alaska are downplaying the impact after a deal with a potential investor fell apart. Tom Collier is CEO of the Pebble Limited Partnership, which is owned by Northern Dynasty Minerals Ltd. Those entities want to develop the Pebble mine. Collier, in a statement, says it's "business as usual" after Northern Dynasty said it had failed to finalize an agreement with First Quantum Minerals Ltd.
Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska. The two companies were unable to reach an agreement on a proposed deal disclosed in December, Northern Dynasty said Friday in a statement. The arrangement would have given a unit of First Quantum an option to earn a 50 percent interest in Pebble in return for $150 million paid over four years to fund permitting.
NYSE American: NAK) ("Northern Dynasty" or the "Company") advises that Northern Dynasty and First Quantum Minerals Ltd. ("First Quantum") (FM.TO) have been unable to reach agreement on the option and partnership transaction contemplated in the December 15, 2017 framework agreement (the "Framework Agreement") between the parties. As such, the Framework Agreement has been terminated in accordance with its terms. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada .
Freeport-McMoRan (FCX), the leading US-based copper miner, is having a nice run in May. The stock has risen 12.9% so far this month based on May 22 closing prices. Thanks to the upwards price action this month, Freeport has narrowed its 2018 losses to 9.2%. Overall, 2018 has been a somber year for Freeport. On the macro front, copper prices have fallen from their 2017 highs as expectations of a supply deficit are now fast eroding.
First Quantum Minerals (FM) has received a “strong buy” rating from five analysts, while nine analysts have a “buy” or equivalent rating on the stock. The remaining ten analysts polled by Thomson Reuters on May 14 rate the stock as a “hold.”
Antofagasta (ANTO) has received a “strong buy” rating from five analysts, while four analysts rate the stock as a “buy” or some equivalent. Antofagasta produced 153,800 metric tons of copper in 1Q18, which was 10.5% lower as compared to the corresponding period last year. Antofagasta expects to produce between 705,000 and 740,000 metric tons of copper in 2018 as compared to 704,300 metric tons last year.
Southern Copper (SCCO) has received a “hold” rating from five analysts. Four analysts have a “sell” rating on the stock, while the remaining one analyst polled by Thomson Reuters on May 14 has rated the stock as a “strong sell.” The stock hasn’t received any “buy” or equivalent ratings.
Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while seven analysts rate the stock as a “buy” or some equivalent. 12 analysts have a “hold” rating on the stock, while three analysts polled by Thomson Reuters on May 14 rate the stock as a “sell.”
Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals with a tax bill of $8 billion.
Zambia concluded audits of mining companies that prompted the nation to slap Canadian miner First Quantum Minerals with a tax bill of over 76.5 billion Zambian kwacha ($8 billion), its revenue authority said on Monday. First Quantum, which owns two copper mines in Zambia, said in March that Zambia's tax agency had demanded the taxes, saying they were on import duties, penalties and interest on consumables and spare parts. There are dozens of mining companies operating in Zambia, mainly extracting copper.