Last C$25.24 CAD
Change Today -0.62 / -2.40%
Volume 2.9M
As of 12:43 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

first quantum minerals ltd (FM) Snapshot

Open
C$26.18
Previous Close
C$25.86
Day High
C$26.20
Day Low
C$25.03
52 Week High
07/30/14 - C$27.29
52 Week Low
08/7/13 - C$15.63
Market Cap
14.9B
Average Volume 10 Days
2.9M
EPS TTM
C$1.00
Shares Outstanding
590.8M
EX-Date
08/26/14
P/E TM
23.1x
Dividend
C$0.10
Dividend Yield
0.60%
Current Stock Chart for FIRST QUANTUM MINERALS LTD (FM)

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first quantum minerals ltd (FM) Details

First Quantum Minerals Ltd. is engaged in mineral exploration, mine engineering and construction, development, and mining activities. It produces copper, nickel, gold, zinc, and platinum group metals. The company is involved in seven mines and developing five projects. As of December 31, 2013, its operations and development projects were located in Zambia, Mauritania, Spain, Turkey, Finland, Australia, Panama, and Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was founded in 1983 and is headquartered in Vancouver, Canada.

Founded in 1983

first quantum minerals ltd (FM) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.1M
President and Executive Director
Total Annual Compensation: $593.5K
Chief Financial Officer
Total Annual Compensation: $542.5K
General Counsel and Corporate Secretary
Total Annual Compensation: $401.2K
Executive Director of Business Development, E...
Total Annual Compensation: $757.0K
Compensation as of Fiscal Year 2013.

first quantum minerals ltd (FM) Key Developments

First Quantum Minerals Ltd. Announces Operating and Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Expenditure Guidance for the Full Year 2014

First Quantum Minerals Ltd. announced operating and earnings results for the second quarter and six months ended June 30, 2014. For the quarter, sales revenues were USD 945.1 million against USD 869.3 million a year ago. EBITDA was USD 381.5 million against USD 284.2 million a year ago. Net earnings attributable to shareholders of the company were USD 133.6 million against USD 71.9 million a year ago. Diluted earnings per share were USD 0.23 against USD 0.12 a year ago. Comparative earnings were USD 133.6 million against USD 103.6 million a year ago. Comparative earnings per share were USD 0.23 against USD 0.18 a year ago. Cash flow from operations before changes in working capital and tax paid was USD 388.6 million against USD 281.6 million a year ago. For the six months, Sales revenues were USD 1,835.6 million against USD 1,770.5 million a year ago. EBITDA was USD 745.1 million against USD 594.6 million a year ago. Net earnings attributable to shareholders of the company were USD 260.4 million against USD 184.3 million a year ago. Diluted earnings per share were USD 0.44 against USD 0.34 a year ago. Comparative earnings were USD 260.4 million against USD 257.4 million a year ago. Comparative earnings per share were USD 0.44 against USD 0.48 a year ago. Cash flow from operations before changes in working capital and tax paid was USD 758.7 million against USD 606.3 million a year ago. For the quarter, copper production was 107,808 tonnes against 103,694 tonnes a year ago. Copper sales were 114,449 tonnes against 95,491 tonnes a year ago. Nickel production was 12,223 contained tonnes against 10,875 contained tonnes a year ago. Nickel sales was 10,651 contained tonnes against 11,927 contained tonnes a year ago. Gold production was 60,723 ounces against 63,567 ounces a year ago. Gold sales was 60,135 ounces against 59,381 ounces a year ago. For the six months, copper production was 220,926 tonnes against 183,002 tonnes a year ago. Copper sales were 217,235 tonnes against 184,600 tonnes a year ago. Nickel production was 24,061 contained tonnes against 21,947 contained tonnes a year ago. Nickel sales was 24,748 contained tonnes against 22,975 contained tonnes a year ago. Gold production was 120,887 ounces against 119,511 ounces a year ago. Gold sales was 113,261 ounces against 118,172 ounces a year ago. For the full year 2014, total production of copper is expected between 418,000 and 444,000 tonnes; total production nickel is expected between 45,000 and 48,000 tonnes; total production gold is expected between 221,000 and 242,000 ounces; total production zinc is expected between 55,000 and 60,000 tonnes; total production palladium is expected between 22,000 and 24,000 ounces; and total production platinum is expected between 26,000 and 29,000 ounces. Capital expenditures is expected between USD 2.2 billion and USD 2.4 billion, excluding capitalization of any pre-commercial production costs and capitalized interest.

First Quantum Minerals Ltd. Declares Interim Dividend for the Financial Year Ending December 31, 2014, Payable on September 19, 2014

First Quantum Minerals Ltd. announced that it will pay an interim dividend of CAD 0.0504 per share in respect of the financial year ending December 31, 2014. The dividend will be paid on September 19, 2014 to shareholders of record on August 28, 2014. The ex-dividend date is August 26, 2014.

First Quantum Mulls Copper Project Acquisitions

First Quantum Minerals Ltd. (TSX:FM) is looking for acquisitions of non-producing assets at development stage. Any takeover target must return more than 30% average value to shareholders. Clive Newall, President of First Quantum Minerals Ltd., said, "Copper remains our favorite long-term commodity. We continue to look for opportunities, but the bar is set very high. They have to be the very best projects out there."

 

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Valuation FM Industry Range
Price/Earnings 31.1x
Price/Sales 4.1x
Price/Book 1.8x
Price/Cash Flow 31.1x
TEV/Sales 2.3x
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