First Quantum Minerals Limited (FM) Expected to Post Q2 2018 Earnings of $0.37 Per Share
First Quantum Minerals Limited (TSE:FM) – Research analysts at National Bank Financial issued their Q2 2018 EPS estimates for shares of First Quantum Minerals in a note issued to investors on Monday. National Bank Financial analyst S. Nagle forecasts that the company will post earnings of $0.37 per share for the quarter. National Bank Financial currently 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.
A number of other equities research analysts also recently issued reports on the stock. Barclays increased 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. Scotiabank reiterated 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. Raymond James Financial increased their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Monday, October 23rd. Goldman Sachs Group upgraded shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets raised their price target on shares of First Quantum Minerals from C$22.00 to C$23.00 in a report on Monday, December 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$20.87.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 8th. Stockholders of record on Tuesday, April 17th will be issued 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 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.
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