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    FM   CA3359341052

FIRST QUANTUM MINERALS LTD.

(FM)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 09/17 04:00:00 pm
22.54 CAD   -4.77%
02:04pGold Ends Down as Next Week's Fed Meeting Awaited
MT
02:01pDecember Gold Contract Ends Down US$5.30; Settles at US$1.751.40 per Ounce
MT
09:15aGold Edges Down as Next Week's Fed Meeting Awaited
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

London copper rises as weaker dollar lifts metal's appeal

07/28/2021 | 11:08pm EDT

July 29 (Reuters) - London copper prices advanced on Thursday, supported by a weaker dollar that makes greenback-priced metals cheaper and more appealing to holders of other currencies.

The dollar hovered around a two-week low, weighed down by the latest insistence from Federal Reserve Chairman Jerome Powell that rate increases aren't on the radar.

Three-month copper on the London Metal Exchange rose 0.6% to $9,746 a tonne by 0246 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange fell 0.8% to 71,550 yuan ($11,044.73) a tonne, tracking overnight losses in London.

FUNDAMENTALS

* LME nickel rose 0.8% to $19,695 a tonne, aluminium fell 0.4% to $2,528 a tonne, ShFE nickel climbed 0.8% to 147,150 yuan a tonne and ShFE aluminium advanced 0.5% to 19,560 yuan a tonne.

* The premium of LME cash aluminium over the three-month contract <CMAL0-3> stretched to $9.25 a tonne, the most since June 17, indicating tightening nearby supplies.

* Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, Chief Operating Officer Tristan Pascall said on Wednesday.

* The union at BHP Group Ltd's Escondida copper mine in Chile, the world's largest, on Wednesday urged its members to vote to strike, saying the company was attempting to impose its will and its contract offer was "insufficient".

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian shares managed a semblance of calm as the Fed signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares.

DATA/EVENTS (GMT)

0755 Germany Unemployment Chg, Rate SA July

0900 EU Consumer Confid. Final July

1200 Germany CPI, HICP Prelim YY July

1230 US GDP Advance Q2

1230 US Initial Jobless Clm Weekly

($1 = 6.4782 yuan) (Reporting by Mai Nguyen in Hanoi; editing by Vinay Dwivedi)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -3.67% 39.16 End-of-day quote.-7.71%
FIRST QUANTUM MINERALS LTD. -4.77% 22.54 Delayed Quote.7.09%
All news about FIRST QUANTUM MINERALS LTD.
02:04pGold Ends Down as Next Week's Fed Meeting Awaited
MT
02:01pDecember Gold Contract Ends Down US$5.30; Settles at US$1.751.40 per Ounce
MT
09:15aGold Edges Down as Next Week's Fed Meeting Awaited
MT
09/16December Gold Contract Ends Down US$38.10; Settles at US$1,756.70 per Ounce
MT
09/16Gold Falls to a Month Low After an Unexpected Rise in U.S. Retail Sales Boost..
MT
09/15Gold Retreats Back Under US$1,800 as Fed Likely to Stay Course as Inflation F..
MT
09/15December Gold Contract Ends Down US$12.30; Settles at US$1,794.80 per Ounce
MT
09/15FIRST QUANTUM MINERALS : to operate world's largest ultra-class truck trolley fl..
AQ
09/14CORRECTION : December Gold Contract Settled Up 0.7% and Above US$1,800 An Ounce;..
MT
09/14December Gold Contract Settled Up 0.7% and Above US$1,800 An Ounce; Also, Pal..
MT
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Analyst Recommendations on FIRST QUANTUM MINERALS LTD.
More recommendations
Financials (USD)
Sales 2021 7 338 M - -
Net income 2021 831 M - -
Net Debt 2021 5 970 M - -
P/E ratio 2021 13,9x
Yield 2021 0,11%
Capitalization 12 240 M 12 179 M -
EV / Sales 2021 2,48x
EV / Sales 2022 2,00x
Nbr of Employees 20 000
Free-Float 79,7%
Chart FIRST QUANTUM MINERALS LTD.
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First Quantum Minerals Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends FIRST QUANTUM MINERALS LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 18,66 $
Average target price 27,07 $
Spread / Average Target 45,1%
EPS Revisions
Managers and Directors
Philip K. R. Pascall Chairman & Chief Executive Officer
Geoffrey Clive Newall President & Director
Hannes Otto Meyer Chief Financial Officer
Tristan Pascall Chief Operating Officer
Andrew Bell Adams Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FIRST QUANTUM MINERALS LTD.7.09%12 850
ANTOFAGASTA PLC-0.49%19 469
VEDANTA LIMITED91.51%15 560
JIANGXI COPPER COMPANY LIMITED28.24%11 673
KGHM POLSKA MIEDZ S.A.-6.58%8 782
SOCIEDAD MINERA CERRO VERDE S.A.A.-17.54%6 038