First Quantum Minerals (FM) Sets New 1-Year Low at $13.71

First Quantum Minerals Limited (TSE:FM) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$13.71 and last traded at C$13.79, with a volume of 1052413 shares changing hands. The stock had previously closed at C$14.00.

A number of equities research analysts recently weighed in on the company. Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 10th. Macquarie upgraded First Quantum Minerals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 25th. CIBC dropped their price target on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, August 31st. Raymond James dropped their price target on First Quantum Minerals from C$25.00 to C$24.00 in a research note on Friday, October 5th. Finally, National Bank Financial increased their price target on First Quantum Minerals from C$20.50 to C$21.25 and gave the company a “sector perform” rating in a research note on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$20.25.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Monday, July 30th. The company reported C$0.34 earnings per share for the quarter, topping the consensus estimate of C$0.28 by C$0.06. The firm had revenue of C$1.35 billion for the quarter, compared to analysts’ expectations of C$1.28 billion. First Quantum Minerals had a negative return on equity of 5.12% and a negative net margin of 10.51%.

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, September 19th were given a dividend of $0.005 per share. This represents a yield of 0.02%. The ex-dividend date of this dividend was Monday, August 27th.

First Quantum Minerals Company Profile (TSE:FM)

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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