FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
11.20
+1.05 (+10.34%)
At close: 4:09PM EDT
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Previous Close10.60
Open10.18
Bid11.59 x N/A
Ask11.65 x N/A
Day's Range10.16 - 11.66
52 Week Range7.84 - 17.76
Volume7,388,436
Avg. Volume3,125,303
Market Cap8.469B
Beta (3Y Monthly)2.84
PE Ratio (TTM)19.55
EPS (TTM)0.57
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & Yield0.01 (0.09%)
Ex-Dividend Date2019-08-27
1y Target Est11.89
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,858.35, up 58.06 points).Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 1.36 per cent, to $2.23 on 7.5 million shares.Encana Corp. (TSX:ECA). Energy. Down 18 cents, or 2.69 per cent, to $6.51 on 7.4 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.05, or 10.34 per cent, to $11.20 on 7.4 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 0.52 per cent, to $1.92 on 6.2 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up five cents, or 0.82 per cent, to $6.12 on 5.7 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.03 per cent, to $24.43 on 5.7 million shares. Companies in the news:CannTrust Holdings Inc. (TSX:TRST). Up nine cents or 5.2 per cent to $1.81. CannTrust Holdings Inc. said Thursday that about $1.3 million worth of its products will be returned by the Alberta government's cannabis wholesaler and online retailer. The Alberta Gaming, Liquor and Cannabis agency announced the returns on Wednesday after Health Canada suspended CannTrust's licences to produce and sell pot. CannTrust noted Thursday that Health Canada has not ordered a recall in respect of any of the company's products. But it said that under the terms of its agreement, the goods may be returned for any reason and it will be responsible for the cost of the goods and all expenses related to the return.Transcontinental Inc. (TSX:TCL.A). Up four cents to $15.81. Transcontinental Inc. says the son of its founder will acquire Benefits Canada, Les Affaires and several other specialty publications while a second buyer will acquire Investment Executive, Advisor's Edge and two other publications. The Montreal-based company said most of the employees in the divested businesses will be retained by the new owners but that about 20 people will have their employment terminated. It didn't disclose financial terms of the sales agreements, but said they are part of Transcontinental's ongoing shift away from publishing.Bombardier Inc. — The Mitsubishi Aircraft Corp. is putting down roots in Quebec, unveiling plans for a new product development centre in the Montreal area after reaching a deal in June to buy Bombardier Inc.'s regional jet program. The office will be part of the company's push to get a single-aisle airliner off the ground in 2020 as it doubles down on regional jets. It plans to hire 100 engineers and certification specialists in Montreal within a year to assist the point team in Washington state. Premier Francois Legault says the Quebec government will lend Mitsubishi $12 million, which will be forgiven if the Japanese firm provides high-paid employment for 250 workers over five years. This report by The Canadian Press was first published Sept. 19, 2019.The Canadian Press

  • First Quantum Minerals Draws Takeover Interest
    Bloomberg

    First Quantum Minerals Draws Takeover Interest

    (Bloomberg) -- First Quantum Minerals Ltd., the owner of Africa’s biggest copper mine, is drawing preliminary takeover interest from global miners after losing half its value over the past five years, people with knowledge of the matter said.Vancouver-based First Quantum, which has a market capitalization of C$7.7 billion ($5.8 billion), is working with defense advisers to examine its options, according to the people. It hasn’t yet received any formal takeover offers, the people said, asking not to be identified because the information is private.Shares rose 15% in trading Thursday before closing in Toronto at C$11.16 a piece, up about 10% on the day.First Quantum controls the open-pit Kansanshi mine in Zambia, which has 340,000 metric tons of annual copper production capacity. The company has been at loggerheads with the the government of the southern African country over issues from royalty increases to the planned introduction of a sales tax.It also owns other assets around the world including the Sentinel copper operation in Zambia, Las Cruces in Spain and the Ravensthorpe nickel mine in Western Australia. First Quantum also started ramping up production at the giant Cobre Panama copper development project in the central American country earlier this year.No final decisions have been made, and there’s no certainty the deliberations will lead to any transaction, the people said. Representatives for First Quantum didn’t respond to requests for comment.Copper, used in everything from automobiles to plumbing pipes, has dropped in five of the past six months as trade-war fears heat up and demand appears to be slowing in top-user China. Still, the metal’s long-term prospects are seen as strong amid under-investment in new mine supply and surging usage in electric vehicles.(Updates market value in second paragraph.)\--With assistance from Steven Frank.To contact the reporters on this story: Vinicy Chan in New York at vchan91@bloomberg.net;Dinesh Nair in London at dnair5@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;Liana Baker at lbaker75@bloomberg.net, ;Luzi Ann Javier at ljavier@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Young TFSA Investors: 3 Stocks Under $10 to Make Your First $100K
    The Motley Fool

    Young TFSA Investors: 3 Stocks Under $10 to Make Your First $100K

    Looking for big upside? This group of explosive penny stocks, including Kinross Gold (TSX:K)(NYSE:KGC), might provide the pop you're looking for.

  • First Quantum Minerals (TSE:FM) Has A Somewhat Strained Balance Sheet
    Simply Wall St.

    First Quantum Minerals (TSE:FM) Has A Somewhat Strained Balance Sheet

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • Thomson Reuters StreetEvents

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

    Q2 2019 First Quantum Minerals Ltd Earnings Call

  • First Quantum says Q2 earnings drop 42 per cent to US$78 million
    The Canadian Press

    First Quantum says Q2 earnings drop 42 per cent to US$78 million

    TORONTO — First Quantum Minerals Ltd. says its earnings dropped 42 per cent in the second quarter from last year even as its copper production reached a record high.The company, which reports in U.S. dollars, says it had net earnings of $78 million in the last quarter compared with $135 million for the same quarter last year.RBC Capital Markets analyst Sam Crittenden says the company's adjusted earnings of 13 cents per share were in line with the consensus and his expectation.The company says commercial production at its massive Cobre Panama project is now expected in the third quarter rather than the fourth, while cost expectations have gone up by six per cent to $6.7 billion.The company says it also reached a settlement deal last week with the Zambian government on duties that was in line with its guidance.First Quantum produced 168,399 tonnes of copper in the quarter compared with 150,950 tonnes last year, and pulled in revenue of $939 million compared with $1.05 billion last year. On the Toronto Stock Exchange, its shares closed at $12.24, down 27 cents or 2.2 per cent in Monday trading. Companies in this story: (TSX:FM).The Canadian Press

  • GlobeNewswire

    First Quantum Minerals Declares Interim Dividend of CDN$0.005 per Share

    TORONTO, July 29, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today announced that its Board of Directors has approved an interim dividend.

  • GlobeNewswire

    First Quantum Minerals Reports Second Quarter 2019 Results

    TORONTO, July 29, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today reported comparative earnings1 of $87 million or $0.13 per share1, net.

  • Mining Showdown: Teck Resources (TSX:TECK.B) vs. First Quantum Minerals (TSX:FM)
    The Motley Fool

    Mining Showdown: Teck Resources (TSX:TECK.B) vs. First Quantum Minerals (TSX:FM)

    Here's a head-to-head look at Teck Resources Ltd (TSX:TECK.B)(NYSE:TECK) and First Quantum Minerals Ltd (TSX:FM) based on their revenues, growth drivers, and risks.

  • Did Changing Sentiment Drive First Quantum Minerals's (TSE:FM) Share Price Down A Worrying 52%?
    Simply Wall St.

    Did Changing Sentiment Drive First Quantum Minerals's (TSE:FM) Share Price Down A Worrying 52%?

    Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. To...

  • Baystreet

    Stocks Stay Positive by Noon

    Canada's main stock index rose on Friday, buoyed by rising bets of a U.S. interest rate cut this month ...