First Quantum Minerals Limited (FM) Expected to Post Q2 2018 Earnings of $0.37 Per Share

First Quantum Minerals Limited (TSE:FM) – Equities researchers at National Bank Financial issued their Q2 2018 earnings estimates for shares of First Quantum Minerals in a research report issued on Monday. National Bank Financial analyst S. Nagle expects that the company will earn $0.37 per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. National Bank Financial also issued estimates for First Quantum Minerals’ Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.44 EPS, FY2019 earnings at $1.95 EPS and FY2020 earnings at $0.00 EPS.

Several other brokerages have also commented on FM. Royal Bank of Canada boosted their price target on First Quantum Minerals from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday. Berenberg Bank decreased their price target on First Quantum Minerals from C$19.00 to C$18.00 in a research note on Wednesday. Deutsche Bank boosted their price target on First Quantum Minerals from C$20.00 to C$23.00 in a research note on Monday, January 15th. CIBC boosted their price target on First Quantum Minerals from C$15.00 to C$20.00 in a research note on Monday, January 22nd. Finally, Scotiabank set a C$22.00 price objective on First Quantum Minerals and gave the stock an “outperform” rating in a research report on Monday, January 29th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$20.87.

Shares of First Quantum Minerals (TSE FM) opened at C$21.09 on Thursday. The company has a market capitalization of $14,540.00, a P/E ratio of -36.36 and a beta of 3.02. First Quantum Minerals has a 52 week low of C$9.69 and a 52 week high of C$21.20.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 8th. Investors of record on Tuesday, April 17th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.09%. First Quantum Minerals’s dividend payout ratio is currently -1.31%.

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First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is engaged in the production of copper, nickel, gold, zinc and acid, and related activities, including exploration and development. The Company’s segments include individual mine development projects or mine operations and the Corporate & other segment. The Corporate & other segment is responsible for the evaluation and acquisition of mineral properties, regulatory reporting, treasury and finance and corporate administration.

Earnings History and Estimates for First Quantum Minerals (TSE:FM)

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