Equities Analysts Offer Predictions for First Quantum Minerals Limited’s Q3 2019 Earnings (FM)

First Quantum Minerals Limited (TSE:FM) – Equities researchers at Raymond James issued their Q3 2019 earnings estimates for shares of First Quantum Minerals in a research report issued on Monday, April 8th. Raymond James analyst A. Terentiew forecasts that the company will post earnings of $0.27 per share for the quarter. Raymond James also issued estimates for First Quantum Minerals’ Q4 2019 earnings at $0.33 EPS.

FM has been the topic of several other reports. BMO Capital Markets dropped their target price on First Quantum Minerals from C$18.00 to C$17.00 and set an “outperform” rating on the stock in a report on Monday, April 1st. JPMorgan Chase & Co. raised their target price on First Quantum Minerals from C$16.20 to C$16.70 in a report on Thursday, January 31st. Goldman Sachs Group dropped their target price on First Quantum Minerals from C$17.00 to C$15.50 in a report on Friday, January 18th. CIBC raised First Quantum Minerals from a “neutral” rating to an “outperform” rating and set a C$16.00 target price on the stock in a report on Monday, January 21st. Finally, Canaccord Genuity lowered their price target on First Quantum Minerals from C$18.50 to C$18.00 in a research report on Monday, January 28th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$19.12.

First Quantum Minerals stock opened at C$15.76 on Thursday. The stock has a market cap of $11.18 billion and a P/E ratio of 24.63. First Quantum Minerals has a 52 week low of C$9.45 and a 52 week high of C$23.05. The company has a current ratio of 1.99, a quick ratio of 1.16 and a debt-to-equity ratio of 81.12.

First Quantum Minerals (TSE:FM) last posted its earnings results on Thursday, February 14th. The company reported C$0.34 EPS for the quarter, missing the consensus estimate of C$0.36 by C($0.02). The company had revenue of C$1.39 billion during the quarter, compared to analysts’ expectations of C$1.29 billion.

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be given a dividend of $0.005 per share. The ex-dividend date is Friday, April 12th. This represents a yield of 0.03%. First Quantum Minerals’s dividend payout ratio is currently 1.21%.

About First Quantum Minerals

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 seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter 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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Earnings History and Estimates for First Quantum Minerals (TSE:FM)

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