Stock News in Focus: First Quantum Minerals Ltd. (FM)

William Payton

First Quantum Minerals Ltd.  (TSX) spotted trading 0.07% off 52-week high price. On the other end, the stock has been noted 18.19% away from the low price over the last 52-weeks. The stock changed 0.79% to recent value of $30.49. The stock transacted 53007 shares during most recent day however it has an average volume of 122.17K shares.

On July 29, 2019, First Quantum Minerals Ltd.  (TSX)  announced that its Board of Directors has approved an interim dividend of CDN$0.005 per share in respect of the financial year ending December 31, 2019.

The dividend will be paid on September 19, 2019 to shareholders of record on August 28, 2019.

The Company has established a Dividend Reinvestment and Share Purchase Plan (the Plan) for its Canadian resident shareholders (Eligible Shareholders). The Plan enables Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price (as defined in the Plan) and provides the opportunity to make optional cash purchases of additional Common Shares on a semi-annual basis, on dividend payment dates.

To participate in the Plan, registered Eligible Shareholders must deliver a properly completed enrolment form to Computershare Trust Company of Canada (Computershare) (in its capacity as Plan Agent under the Plan), as directed under the Plan, by no later than 4:00 p.m. Eastern time on the fifth business day immediately preceding a dividend record date in order for the cash dividend to which such record date relates to be reinvested under the Plan.

 

The price moved ahead of 1.25% from the mean of 20 days, 3.45% from mean of 50 days SMA and performed 7.79% from mean of 200 days price. Company’s performance for the week was 1.67%, 3.29% for month and YTD performance remained 16.60%.

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