First Quantum Minerals is scheduled to be announcing its earnings results after the market closes on Tuesday, October 25th. Analysts expect the company to announce earnings of C$0.36 per share for the quarter.
First Quantum Minerals last released its quarterly earnings results on Tuesday, July 26th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.07). The firm had revenue of C$2.43 billion during the quarter, compared to analyst estimates of C$2.43 billion.
First Quantum Minerals Trading Up 11.5 %
First Quantum opened at C$26.72 on Friday. The firm has a market cap of C$18.48 billion and a PE ratio of 9.90. The stock has a fifty day moving average price of C$23.60 and a 200 day moving average price of C$28.28. First Quantum Minerals has a 12-month low of C$18.67 and a 12-month high of C$45.38. The company has a current ratio of 2.19, a quick ratio of 1.18 and a debt-to-equity ratio of 68.45.
First Quantum Minerals Increases Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 20th. Investors of record on Monday, August 29th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 26th. This is a positive change from First Quantum Minerals’s previous Semi-Annual dividend of $0.01. This represents a yield of 0.68%. First Quantum Minerals’s dividend payout ratio (DPR) is 0.29%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Barclays lifted their target price on First Quantum Minerals from C$20.00 to C$22.00 in a report on Monday, October 17th. Citigroup downgraded First Quantum Minerals to a “sell” rating and decreased their price target for the stock from C$40.00 to C$20.00 in a report on Wednesday, July 13th. Stifel Nicolaus decreased their price target on First Quantum Minerals from C$43.00 to C$39.00 in a report on Tuesday, July 19th. JPMorgan Chase & Co. decreased their price target on First Quantum Minerals from C$40.00 to C$35.00 in a report on Wednesday, August 31st. Finally, Royal Bank of Canada decreased their price target on First Quantum Minerals from C$42.00 to C$33.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$33.25.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.