First Quantum Minerals Limited (FM) to Post FY2018 Earnings of $1.08 Per Share, Jefferies Group Forecasts

First Quantum Minerals Limited (TSE:FM) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for First Quantum Minerals in a research note issued on Tuesday. Jefferies Group analyst C. Lafemina now anticipates that the company will post earnings per share of $1.08 for the year, down from their previous estimate of $1.26. Jefferies Group also issued estimates for First Quantum Minerals’ FY2019 earnings at $2.15 EPS.

FM has been the subject of a number of other research reports. Raymond James Financial raised their target price on shares of First Quantum Minerals from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday. CSFB downgraded shares of First Quantum Minerals from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Scotiabank reaffirmed an “outperform” rating and issued a C$17.00 target price on shares of First Quantum Minerals in a research report on Monday, October 30th. Barclays raised their target price on shares of First Quantum Minerals from C$12.65 to C$15.10 in a research report on Tuesday, October 24th. Finally, BMO Capital Markets set a C$24.00 target price on shares of First Quantum Minerals and gave the company an “outperform” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$20.87.

Shares of First Quantum Minerals (FM) traded up C$0.22 during trading hours on Thursday, hitting C$21.31. 1,362,216 shares of the company were exchanged, compared to its average volume of 3,189,585. The firm has a market capitalization of $14,540.00, a price-to-earnings ratio of -36.36 and a beta of 3.02. First Quantum Minerals has a fifty-two week low of C$9.69 and a fifty-two week high of C$21.71.

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