First Quantum Minerals Limited (TSE:FM) – Analysts at National Bank Financial reduced their FY2019 earnings estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Sunday, August 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.63 per share for the year, down from their previous estimate of $0.73. National Bank Financial currently has a “Sector Perform” rating and a $11.75 target price on the stock.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada increased their price objective on First Quantum Minerals from C$17.00 to C$18.00 in a report on Thursday, June 27th. Deutsche Bank dropped their target price on First Quantum Minerals from C$14.50 to C$14.00 in a report on Wednesday, July 10th. Raymond James raised their target price on First Quantum Minerals from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Macquarie dropped their target price on First Quantum Minerals from C$9.10 to C$9.00 in a report on Thursday, August 1st. Finally, BMO Capital Markets dropped their target price on First Quantum Minerals from C$15.75 to C$15.00 in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$14.40.

Shares of FM stock opened at C$8.63 on Wednesday. The stock’s 50-day simple moving average is C$11.53 and its 200-day simple moving average is C$13.03. The company has a debt-to-equity ratio of 90.68, a quick ratio of 0.99 and a current ratio of 1.71. The firm has a market capitalization of $6.58 billion and a PE ratio of 15.06. First Quantum Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$18.49.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 19th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.005 per share. This represents a yield of 0.04%. The ex-dividend date of this dividend is Tuesday, August 27th. First Quantum Minerals’s dividend payout ratio (DPR) is 1.32%.

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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