Morningstar - First Quantum Minerals Ltd. (FM) First Quantum Keeps the Cost-Savings Momentum Going in Third Quarter, but Shares Still Expensive

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Morningstar

Jeffrey Stafford

EUR 147.86 For Business Accounts Only

First Quantum Keeps the Cost-Savings Momentum Going in Third Quarter, but Shares Still Expensive

First Quantum continues to outpace our expectations for cost savings. We've raised our fair value estimate to CAD 4.60 per share from CAD 3.70 to account for lower copper unit costs in both the near term and long term along with a few other adjustments to our cash flow forecast.
Despite the fact that our forecast adjustments were fairly modest, the company's fair value increased by nearly 25%, highlighting First Quantum's very high financial leverage. Aside from more favorable unit costs, factor...

28/10/2016 13 EN

Underlying

First Quantum Minerals Ltd.

First Quantum Minerals is engaged in the production of copper, nickel, gold, zinc, platinum-group elements and acid, and related activities including exploration and development. Co. has operating mines located in Zambia, Australia, Finland, Turkey, Spain and Mauritania. Co. is developing the Trident project in Zambia, the Cobre Panama copper project in Panama, exploring the Haquira copper deposit in Peru and the Taca Taca copper-gold-molybdenum porphyry deposit in Argentina. Co.'s operating segments are individual mine development projects or mine operations. The Corporate and Other segment evaluates and acquires new mineral properties and includes Co.'s metal marketing division.

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CA3359341052 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Jeffrey Stafford

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First Quantum Keeps the Cost-Savings Momentum Going in Third Quarter, but Shares Still Expensive

First Quantum Publishes 2024 Sustainability Reports

First Quantum Minerals Announces Voting Results for the Election of Directors

First Quantum Minerals Reports First Quarter 2025 Results

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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