FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
11.04
-0.04 (-0.36%)
At close: 4:00PM EDT
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Previous Close11.08
Open11.33
Bid11.05 x N/A
Ask11.06 x N/A
Day's Range11.00 - 11.50
52 Week Range7.84 - 16.63
Volume3,261,011
Avg. Volume3,948,387
Market Cap7.565B
Beta (3Y Monthly)2.94
PE Ratio (TTM)19.27
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.01 (0.10%)
Ex-Dividend Date2019-08-27
1y Target EstN/A
  • 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 (16,426.30, down 0.88 of a point).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 37 cents, 7.81 per cent, to $5.11 on 8.8 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.13, or 11.33 per cent, to $11.10 on 6.2 million shares.Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.42 per cent, to $5.55 on 5.1 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down seven cents, or 4.19 per cent, to $1.60 on 4.8 million shares.Cronos Group Inc. (TSX:CRON). Health care. Up 57 cents, or 5.17 per cent, to $11.60 on 4.3 million shares.OceanaGold Corp. (TSX:OGC). Materials. Up nine cents, or 2.92 per cent, to $3.17 on 4 million shares. Companies in the news:Nutrien Ltd. (TSX:NTR). Down 71 cents to $64.53. Australian mining giant BHP Group Ltd. says it hopes to make a final investment decision on a massive potash project in Saskatchewan in early 2021\. The company says its board of directors will be asked to decide the fate of the long-delayed Jansen project about 140 kilometres east of Saskatoon in February 2021. Prices for potash, a light coloured mineral used as a crop fertilizer, have plunged due to a global oversupply, leading to layoffs and mine production interruptions in Canada. Last month, Canadian fertilizer company Nutrien Ltd. announced eight-week inventory shutdowns at three of its potash mines in Saskatchewan, potentially affecting up to 700 workers.Barrick Gold Corp. (TSX:ABX). Up 11 cents to $22.49. Barrick Gold Corp. says its full-year production is trending towards the upper end of its guidance for 5.1 million to 5.6 million ounces. The gold miner says preliminary third quarter sales amounted to 1.32 million ounces of gold and 64 million pounds of copper, while preliminary production figures for the quarter totalled 1.31 million ounces of gold and 111 million pounds of copper. Barrick also said costs are likely to be at the lower end of its forecast. In August, Barrick had forecast gold cash costs of $650 to $700 an ounce for 2019 and all-in sustaining costs of $870 to $920 an ounce.Hexo Corp. (TSX:HEXO). Up 56 cents or 17.23 per cent to $3.81. The joint venture between beer giant Molson Coors and pot producer Hexo Corp. says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC. The announcement by Truss Beverage Co. comes one week after its competitor Fluent Beverage Co. — a joint venture between the world's largest brewer Anheuser-Busch InBev and B.C. pot company Tilray Inc. — said it was launching CBD drinks as early as December, but it was not yet able to develop a formulation for THC. Truss chief executive Brett Vye said it has developed a beverage containing tetrahydrocannabinol (THC), the compound in cannabis that produces a high, and it aims to launch various drinks containing the active ingredient by December. This report by The Canadian Press was first published Oct. 17, 2019.The Canadian Press

  • First Quantum Slumps After Saying It’s Not in Takeover Talks
    Bloomberg

    First Quantum Slumps After Saying It’s Not in Takeover Talks

    (Bloomberg) -- First Quantum Minerals Ltd., the owner of Africa’s biggest copper mine, headed for the biggest loss in seven weeks after the company said it hasn’t engaged in any discussions regarding a takeover bid or other change of control transaction.The miner “is aware of speculation regarding a potential transaction involving Jiangxi Copper Co.,” First Quantum said in a statement. “The company confirms that discussions regarding a potential sale of a minority interest in First Quantum’s Zambian copper assets have occurred and are continuing. No transaction has been agreed upon and there is no guarantee that a transaction will be achieved.”First Quantum became attractive to global miners after its market value had tumbled by almost half in the past five years. Last week, people familiar with the matter said First Quantum hasn’t yet received any formal takeover offers, but it has hired defense advisers to examine its options. The people asked not to be identified because the information is private.Jiangxi Copper, China’s top producer of the metal, has built up a stake of less than 10% in First Quantum in recent months, according to people with knowledge of the matter.First Quantum shares dropped as much as 12% to C$10.72 in Toronto trading before paring losses to C$10.88 at 10:35 a.m. The Canadian company posted the biggest two-day gain in more than three years on Friday.First Quantum would likely best fit with Rio Tinto Group as the global miner seeks to diversify away from iron ore, a Liberum analyst said in a research note. Potential buyers may include several Chinese firms, National Bank analyst Shane Nagle, said in a note last week.The list of potential buyers for the Canadian miner will likely be short because most diversified miners have exited Zambia, home to First Quantum’s Kansanshi mine, or show little interest in the area, Patrick Jones, an analyst at JPMorgan Chase & Co., said in a note last week.(Updates to add analysts’ comments in seventh paragraph.)\--With assistance from William Canny.To contact the reporters on this story: Joe Richter in New York at jrichter1@bloomberg.net;Vinicy Chan in New York at vchan91@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, ;Ben Scent at bscent@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • UPDATE 1-First Quantum Minerals denies takeover talks
    Reuters

    UPDATE 1-First Quantum Minerals denies takeover talks

    Canada's First Quantum Minerals Ltd said on Monday it had no knowledge of any potential takeover bids but confirmed it was in talks with Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets. The company's shares have risen about 20% since Bloomberg reported on Thursday that First Quantum was attracting preliminary takeover interest and is working with defense advisers to weigh its options. International miners such as First Quantum have also looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM), claiming KCM has breached the terms of its licence.

  • The Canadian Press

    First Quantum in talks to sell minority stake in Zambian copper assets

    TORONTO — First Quantum Minerals Ltd. says it's in talks regarding a potential sale of a minority interest in its Zambian copper assets.However, the Canadian miner says it has not held any talks regarding a takeover of the company.It also said there could be no guarantee that a transaction for a minority stake in the Zambian assets will be reached.The comments follow speculation last week about a possible bid for the company by Chinese mining company Jiangxi Copper Corp. Ltd.Shares in the company rose late last week following reports citing unidentified sources regarding takeover interest in the company.However, First Quantum says it has not engaged in any discussions regarding a takeover bid or other change of control transaction and has no knowledge of potential takeover bids. This report by The Canadian Press was first published Sept. 23, 2019.Companies in this story: (TSX:FM) The Canadian Press

  • If You Like EPS Growth Then Check Out First Quantum Minerals (TSE:FM) Before It's Too Late
    Simply Wall St.

    If You Like EPS Growth Then Check Out First Quantum Minerals (TSE:FM) Before It's Too Late

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • 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

  • 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 ...