Morningstar - First Quantum Minerals Ltd. (FM) Weaker Chinese demand for base metals will limit returns on First Quantums large growth potential.

Report

Morningstar

Seth Goldstein, CFA

EUR 100.00 For Business Accounts Only

Weaker Chinese demand for base metals will limit returns on First Quantum's large growth potential.

On March 19, Reuters reported that the Zambian government has issued a ZMK 76.5 billion (roughly $7.7 billion) fine to First Quantum for unpaid import duties. The market reacted negatively to the news, sending shares down over 12% to CAD 18 per share. We note that the dispute will likely take some time to resolve and could result in a wide range of possibilities from no fine being imposed to the Zambian government ultimately increasing its ownership stake in either the Kansanshi or Sentinel mine...

27/04/2018 12 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.

See profile

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.

See profile

Analysts

Seth Goldstein, CFA

Other Reports on these Companies

GlobeNewsWire

First Quantum Minerals Announces Early Results of Cash Tender Offer to Purchase Its Outstanding 9.375% Senior Secured Second Lien Notes Due 2029 in a Maximum Aggregate Principal Amount of Up to $250 Million

First Quantum Minerals Announces Early Results of Cash Tender Offer to Purchase Its Outstanding 9.375% Senior Secured Second Lien Notes Due 2029 in a Maximum Aggregate Principal Amount of Up to $250 Million (In United States dollars, except where noted otherwise) TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announced the early results of its previously announced offer to purchase for cash (the “Tender Offer”) its outstanding 9.375% Senior Secured Second Lien Notes due 2029 (the “Notes”) in a maximum aggregate pr...

August 20, 2025 August 20, 2025 1 EN

GlobeNewsWire

First Quantum Announces Completion of $1,000 Million Senior Notes Offering

First Quantum Announces Completion of $1,000 Million Senior Notes Offering (In United States dollars, except where noted otherwise) TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has completed its offering of $1,000 million aggregate principal amount of 7.250% senior notes due 2034 (the “Notes”). The Notes are senior unsecured obligations of the Company and are guaranteed by certain of the Company's subsidiaries. Interest on the Notes will accrue from the issue date and will be payable semi-annually. ...

August 20, 2025 August 20, 2025 1 EN

GlobeNewsWire

First Quantum Minerals Announces Results of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027

First Quantum Minerals Announces Results of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027 (In United States dollars, except where noted otherwise) TORONTO, Aug. 19, 2025 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announced the results of its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.875% Senior Notes due 2027 (the “Notes”) from holders of the Notes (“Holders”), as further described in the offer to purchase (as amended and/or sup...

August 19, 2025 August 19, 2025 1 EN

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

Contract manufacturer Lonza reported solid half-year results, with over CHF 2.9 billion in total sales year to date, up about 6.4% from last year and boosted by foreign exchange tailwinds. Core EBITDA margin expanded 30 basis points from last year to about 27.8%, helped slightly by new accounting standards. Management indicated that it continues to expect mid- to high-single-digit sales growth in 2019. We are maintaining our fair value estimate of CHF 210 per share and our no-moat rating. The ph...

EUR 100.00

July 25, 2019 July 25, 2019 13 EN

Damien Conover

Damien Conover

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

We don't expect any major changes to our AstraZeneca fair value estimate following second-quarter results that largely fell in line with our expectations and slightly ahead of consensus expectations. Overall, the company is posting leading Big Pharma sales growth with total sales up 18% operationally year over year, led by impressive cancer drug sales growth of 57%. Astra's ability to continue to bring next generation drugs to the market that address unmet medical need (especially in oncology) s...

EUR 100.00

July 25, 2019 July 25, 2019 14 EN

Damien Conover

Damien Conover

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

EUR 100.00

July 25, 2019 July 25, 2019 14 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Weaker Chinese demand for base metals will limit returns on First Quantum's large growth potential.

First Quantum Minerals Announces Early Results of Cash Tender Offer to Purchase Its Outstanding 9.375% Senior Secured Second Lien Notes Due 2029 in a Maximum Aggregate Principal Amount of Up to $250 Million

First Quantum Announces Completion of $1,000 Million Senior Notes Offering

First Quantum Minerals Announces Results of Cash Tender Offer to Purchase Any and All of Its Outstanding 6.875% Senior Notes Due 2027

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

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe