FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed price. Currency in CAD
18.69
-0.02 (-0.11%)
At close: 4:00PM EDT
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Previous close18.71
Open18.63
Bid18.60 x 0
Ask18.65 x 0
Day's range18.50 - 19.05
52-week range12.09 - 23.05
Volume2,086,555
Avg. volume2,371,074
Market cap12.885B
Beta6.06
PE ratio (TTM)N/A
EPS (TTM)-0.23
Earnings date30 Jul 2018
Forward dividend & yield0.01 (0.05%)
Ex-dividend date2018-04-16
1y target est18.68
  • Reuters - UK Focus44 minutes ago

    LIVE MARKETS-Europe's car sector confidence hit as trade tensions rise

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    LIVE MARKETS-Miners set for a results-driven revival?

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  • Analysts Embrace First Quantum despite Falling Copper Prices
    Market Realist8 days ago

    Analysts Embrace First Quantum despite Falling Copper Prices

    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.

  • PR Newswire9 days ago

    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 ...

  • First Quantum Gets Time to Solve $7.9 Billion Zambia Tax Row
    Bloomberg13 days ago

    First Quantum Gets Time to Solve $7.9 Billion Zambia Tax Row

    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.

  • Reuters16 days ago

    Rio Tinto ready to splash out on copper

    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.

  • Reuters - UK Focus16 days ago

    FOCUS-Rio Tinto ready to splash out on copper

    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.

  • Reuters19 days ago

    Rio Tinto ready to splash out on copper

    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.

  • Reuters - UK Focus19 days ago

    FOCUS-Rio Tinto ready to splash out on copper

    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.

  • Reuters - UK Focus26 days ago

    Zambia power firm CEC proposes electricity tariff migration plan

    Zambia's planned migration to cost-reflective electricity tariffs should be done on a case by case basis because production costs vary, the nation's largest supplier of power to mines said on Friday. Africa's No.2 copper producer plans to introduce electricity tariffs that reflect the cost of production by the end of 2018, a move that could increase costs for economically vital mining companies currently paying a flat price. In 2015 and 2016, Zambia experienced a sharp shortage of electricity of up to 600 megawatts due poor rainfall in a country that relies heavily on hydropower, putting pressure on government to apply tariffs reflecting costs to raise cash to invest in other energy sources to lift power supply.

  • Reuters - UK Focus27 days ago

    Zambia aiming for power prices that reflect costs by end 2018

    Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a critical shortage of electricity of up to 600 megawatts due poor rainfall in a country that relies heavily on hydropower, putting pressure on the government to apply tariffs that reflect costs to raise cash for investment in other energy sources to buoy power supply.

  • This Gold Miner's Troubles Hold a Lesson for Investors
    Motley Fool29 days ago

    This Gold Miner's Troubles Hold a Lesson for Investors

    The loss of a key partner has dealt a huge blow to Northern Dynasty Minerals' dreams of bringing the Pebble mine to life.

  • First Quantum’s Winning Streak Might Continue
    Market Realistlast month

    First Quantum’s Winning Streak Might Continue

    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).

  • What Freeport-McMoRan’s Strong Cash Flows Mean for Investors
    Market Realist2 months ago

    What Freeport-McMoRan’s Strong Cash Flows Mean for Investors

    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.

  • Why Freeport-McMoRan Expects Costs to Rise This Year
    Market Realist2 months ago

    Why Freeport-McMoRan Expects Costs to Rise This Year

    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.

  • Canadian investor backs away from Alaska mine project
    Associated Press2 months ago

    Canadian investor backs away from Alaska mine project

    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.

  • Associated Press2 months ago

    The Latest: Mine official downplays impact of failed deal

    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 Sinks Along With First Quantum Alaska Deal
    Bloomberg2 months ago

    Northern Dynasty Sinks Along With First Quantum Alaska Deal

    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.

  • Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?
    Market Realist2 months ago

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?

    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.

  • Brokerages Take a Fresh Look at First Quantum Minerals in May
    Market Realist2 months ago

    Brokerages Take a Fresh Look at First Quantum Minerals in May

    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.”

  • How Analysts Rate Antofagasta in 2Q18
    Market Realist2 months ago

    How Analysts Rate Antofagasta in 2Q18

    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.

  • How Much Downside Do Analysts See in Southern Copper?
    Market Realist2 months ago

    How Much Downside Do Analysts See in Southern Copper?

    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.

  • How Analysts Rate Freeport-McMoRan in May
    Market Realist2 months ago

    How Analysts Rate Freeport-McMoRan in May

    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.”

  • Reuters - UK Focus2 months ago

    Vedanta's Konkola Copper Mines disputes $18 mln Zambia tax bill - industry source

    Vedanta Resources (Other OTC: VDNRF - news) ' 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. A KCM company spokesman declined to comment on the matter, and officials from the Treasury and the revenue authority could not confirm the dispute and the size of the tax bill.

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