FM.TO - First Quantum Minerals Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
13.19
+0.40 (+3.13%)
At close: 4:00PM EST
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Previous Close12.79
Open12.85
Bid13.20 x N/A
Ask13.21 x N/A
Day's Range12.79 - 13.27
52 Week Range7.84 - 16.63
Volume2,714,538
Avg. Volume2,908,563
Market Cap9.093B
Beta (5Y Monthly)4.63
PE Ratio (TTM)35.65
EPS (TTM)0.37
Earnings DateFeb. 11, 2020 - Feb. 16, 2020
Forward Dividend & Yield0.01 (0.08%)
Ex-Dividend DateAug. 25, 2019
1y Target Est12.22
  • GlobeNewswire

    First Quantum Minerals Announces Notice of Redemption of the Entire Outstanding Amount of Its 7.00% Senior Notes Due February 15, 2021

    (In United States dollars, except where noted otherwise) TORONTO, Jan. 16, 2020 -- First Quantum Minerals Ltd. (TSX:FM) today announced that it has issued a notice of.

  • GlobeNewswire

    First Quantum Minerals Announces Pricing of Senior Notes Offering

    First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (FM.TO) today announced that it has successfully completed the pricing of its tap issuance of $500 million aggregate principal amount of 7.25% Senior Notes due 2023 (the “2023 New Notes”) and an additional tap issuance of $250 million aggregate principal amount of 7.50% Senior Notes due 2025 (the “2025 New Notes”, collectively the “Notes”). The issue price of the 2023 New Notes is 102.50% representing a yield to maturity of 6.373%.

  • GlobeNewswire

    First Quantum Minerals Announces Senior Notes Offering

    First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (FM.TO) today announced that it is launching an offering of an additional $300 million principal amount of its Senior Notes due 2023 (the "Additional 2023 Notes"). The Company currently has $1.1 billion of Senior Notes due 2023 (the “Existing 2023 Notes”) outstanding and the Additional 2023 Notes will be offered under the same indenture as the Existing 2023 Notes.

  • GlobeNewswire

    First Quantum Minerals Announces 2019 Preliminary Production and 2020-2022 Guidance

    TORONTO, Jan. 09, 2020 -- First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) today announced preliminary production for the three months and year ended.

  • First Quantum Fortifies Its Takeover Defenses With Poison Pill
    Bloomberg

    First Quantum Fortifies Its Takeover Defenses With Poison Pill

    (Bloomberg) -- First Quantum Minerals Ltd. is battening down the hatches in its latest move to defend itself against potential takeovers.The Vancouver-based miner said Monday it has adopted a shareholder rights plan that would allow current investors to buy additional shares at a “substantial” discount should any party acquire 20% or more of the company’s stock.“The rights plan has been adopted with a view to ensure, to the extent possible, that all shareholders of the company are treated fairly in connection with any takeover bid,” First Quantum said in a statement.In an interview last month, President Clive Newall said the company was caught off guard by Jiangxi Copper Co.’s move to acquire an 18% stake in the company. In September, shares of the company surged after people with knowledge of the matter said the miner was drawing preliminary takeover interest.In the December interview, Newall said the company hadn’t received any takeover approaches since it last refuted “speculation” it had been in talks about a bid in September. But he also said measures had been put in place to defend against any such move by Jiangxi. Under a non-disclosure agreement, the Chinese company is restricted from buying more than 20% of First Quantum’s shares, he said.If a takeover play was launched, First Quantum’s first reaction would be to “resist,” Newall said in the December interview. “There’s no great desire to be taken over, but under the circumstances where you haven’t got much choice, then it’s all about price,” he added.The company will ask shareholders to ratify the shareholder rights plan at its annual meeting in the spring, it said. The miner also adopted an advance notice policy that outlines the process should a shareholder wish to nominate persons to the board of directors.First Quantum fell 0.2% to C$12.40 on Monday in Toronto. The shares rose 19% last year.To contact the reporter on this story: Danielle Bochove in Toronto at dbochove1@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Steven Frank, Joe RichterFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • GlobeNewswire

    First Quantum Adopts Shareholder Rights Plan and Advance Notice Policy

    First Quantum Minerals Ltd. (“FQM” or the “Company”) (FM.TO) has adopted a shareholder rights plan (the “Rights Plan”) with Computershare Investor Services Inc. as rights agent effective as of January 6, 2020 (the “Effective Date”). The Company has also adopted an advance notice policy (the “Policy”) effective as of the Effective Date. The Rights Plan has been adopted with a view to ensure, to the extent possible, that all shareholders of the Company are treated fairly in connection with any takeover bid for the Company.

  • Exclusive: Canada's First Quantum weighs $1 billion Zambian copper mine expansion - document
    Reuters

    Exclusive: Canada's First Quantum weighs $1 billion Zambian copper mine expansion - document

    TORONTO/LONDON (Reuters) - Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa's biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production to 300,000 tonnes over time from an expected 235,000 tonnes last year, according to a company presentation given to Zambian government officials. Western miners are on edge as Zambia and neighboring countries seek to increase their share of revenue from natural resources.

  • Will Another Financial Crisis Occur in 2020?
    The Motley Fool

    Will Another Financial Crisis Occur in 2020?

    Base metal miners such as First Quantum Minerals Ltd. (TSX:FM) are increasingly vulnerable to a global economic downturn.

  • How Should Investors React To First Quantum Minerals Ltd.'s (TSE:FM) CEO Pay?
    Simply Wall St.

    How Should Investors React To First Quantum Minerals Ltd.'s (TSE:FM) CEO Pay?

    Philip Kelvin Pascall has been the CEO of First Quantum Minerals Ltd. (TSE:FM) since 1996. This report will, first...

  • Baystreet

    TSX Hangs (Barely) onto Gains

    Equities in Canada’s largest centre edged higher on Friday as China said it had decided to cancel tariffs ...

  • 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 (16,946.90, up 7.29 points.)Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up $1.25, or 3.22 per cent, to $40.12 on 10.1 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 22 cents, or 6.83 per cent, to $3.44 on 8.3 million shares.Encana Corp. (TSX:ECA). Energy. Up 20 cents, or 3.76 per cent, to $5.52 on 7.2 million shares.Enbridge Inc. (TSX:ENB). Energy. Down 53 cents, or 1.04 per cent, to $50.40 on 6 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up 36 cents, or 2.65 per cent, to $13.96 on 5.6 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 17 cents, or 0.67 per cent, to $25.65 on 5.5 million shares. Companies in the news:Empire Co. Ltd. (TSX:EMP.A). Down $3.25 or 9.3 per cent to $31.60. Sobeys and Safeway parent company Empire Co. Ltd. says sales softened in the last couple of months but increased overall in the second quarter to $6.44 billion, up from $6.21 billion last year while same-store sales excluding fuel increased two per cent. The company earned $154.6 million for the 13 weeks ended Nov. 2, compared with a profit of $103.8 million a year ago. On an adjusted basis, Empire earned 58 cents per diluted share in its latest quarter, up from an adjusted profit of 40 cents per share a year ago.Transcontinental Inc. (TSX:TCL.A). Up 96 cents or 7.5 per cent to $13.71. Transcontinental Inc. beat expectations even though its core earnings fell in the fourth quarter due to lower revenues from ongoing challenges in its printing sector. The Montreal-based printer and packaging company says earnings excluding proceeds from the sale of its California printing facility and other one-time items, decreased nearly 20 per cent to $69.9 million or 80 cents per share, from $87 million or 99 cents per share in the fourth quarter of 2018. Net earnings increased to $112.3 million or $1.28 per share for the period ended Oct. 27, compared with $67 million or 67 cents per share a year earlier.Transat AT Inc. (TSX:TRZ). Down seven cents to $15.91. Higher ticket prices and fees helped Transat AT Inc. triple its profits last quarter as it worked to complete its takeover by Air Canada. Net income jumped to $20.3 million in the quarter ended Oct. 31, up from $6.8 million a year earlier. Revenue rose 3.6 per cent to $693.2 million from $668.8 million. Despite spending more on maintenance than in 2018, chief financial officer Denis Petrin said, higher average ticket prices and growth in ancillary revenue led to the increase in profit. Transat shareholders voted in August to approve the acquisition by Air Canada, but the deal still faces scrutiny by regulators eyeing the impact of a takeover that will see Air Canada control about 62 per cent of transatlantic air travel from Canada.Royal Bank of Canada. (TSX:RY). Up two cents to $103.75. Royal Bank of Canada has signed a deal to sell its banking operations in the Eastern Caribbean to a consortium of banks based in the region. The agreement, RBC announced Thursday without financial terms, includes branches in Antigua, Dominica, Montserrat, St. Lucia, and St. Kitts and Nevis. It also includes regional businesses operating under RBC Royal Bank Holdings (EC) Limited in Nevis, Grenada and St. Vincent and the Grenadines. The acquiring consortium of five financial entities includes 1st National Bank of St. Lucia, Antigua Commercial Bank Ltd., National Bank of Dominica Ltd., the Bank of Montserrat and Bank of Nevis Ltd.This report by The Canadian Press was first published Dec. 12, 2019.The Canadian Press

  • Canada's First Quantum may team-up with Rio Tinto to develop Peru copper mine
    Reuters

    Canada's First Quantum may team-up with Rio Tinto to develop Peru copper mine

    Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum's chief executive officer said on Wednesday. "That is what we are going to explore and it just depends on what kind of partner we get," First Quantum CEO Philip Pascall said on the sidelines of a conference in London, referring to the company's plans to find strategic partners.

  • How Does First Quantum Minerals's (TSE:FM) P/E Compare To Its Industry, After Its Big Share Price Gain?
    Simply Wall St.

    How Does First Quantum Minerals's (TSE:FM) P/E Compare To Its Industry, After Its Big Share Price Gain?

    It's great to see First Quantum Minerals (TSE:FM) shareholders have their patience rewarded with a 35% share price pop...

  • Thomson Reuters StreetEvents

    Edited Transcript of FM.TO earnings conference call or presentation 29-Oct-19 1:00pm GMT

    Q3 2019 First Quantum Minerals Ltd Earnings Call

  • GlobeNewswire

    First Quantum Minerals Reports Third Quarter 2019 Results

    (In United States dollars, except where noted otherwise) TORONTO, Oct. 28, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today reported.

  • GlobeNewswire

    First Quantum Declares Commercial Production at Cobre Panama Effective September 1

    First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (FM.TO) is pleased to announce that Cobre Panama has achieved commercial production effective September 1, 2019. This accomplishment was achieved one month earlier than previously expected as a result of a rapid and efficient ramp-up of production by the Company’s project construction and operations teams. The copper concentrator at Cobre Panama is one of the biggest in the world constructed in a single phase.

  • Are First Quantum Minerals Ltd.’s (TSE:FM) Returns Worth Your While?
    Simply Wall St.

    Are First Quantum Minerals Ltd.’s (TSE:FM) Returns Worth Your While?

    Today we are going to look at First Quantum Minerals Ltd. (TSE:FM) to see whether it might be an attractive investment...

  • GlobeNewswire

    First Quantum Acknowledges Recent Announcement of Beneficial Ownership

    TORONTO, Oct. 17, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) acknowledges the announcement by Pangaea Investment Management (“PIM”).

  • GlobeNewswire

    First Quantum Provides Notice of Third Quarter Results Release

    TORONTO, Oct. 08, 2019 -- First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) will release third quarter 2019 financial and operating results on Monday.