First Quantum Minerals to Issue Quarterly Dividend of $0.01 (FM)

First Quantum Minerals (TSE:FM) declared a quarterly dividend on Monday, February 12th, RTT News reports. Shareholders of record on Tuesday, April 17th will be paid a dividend of 0.005 per share on Tuesday, May 8th. This represents a $0.02 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Monday, April 16th.

Shares of FM stock opened at C$18.84 on Friday. First Quantum Minerals has a 52 week low of C$9.69 and a 52 week high of C$22.00.

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First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Monday, February 12th. The company reported C$0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.19. First Quantum Minerals had a negative net margin of 10.51% and a negative return on equity of 5.12%. The company had revenue of C$1.12 billion during the quarter, compared to analysts’ expectations of C$1.21 billion.

A number of equities research analysts have recently weighed in on FM shares. National Bank Financial lowered shares of First Quantum Minerals from an “outperform spec overweight” rating to a “sector perform overweight” rating in a report on Monday, April 9th. Scotiabank reduced their price objective on shares of First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Tuesday, February 13th. Berenberg Bank reduced their price objective on shares of First Quantum Minerals from C$19.00 to C$18.00 in a report on Wednesday, February 14th. TD Securities reduced their price objective on shares of First Quantum Minerals from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, BMO Capital Markets set a C$24.00 price objective on shares of First Quantum Minerals and gave the company an “outperform” rating in a report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. First Quantum Minerals presently has a consensus rating of “Buy” and an average target price of C$21.10.

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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 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.

Dividend History for First Quantum Minerals (TSE:FM)

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