Andrew Adams - First Quantum Independent Director

FM Stock  CAD 19.15  0.75  3.77%   

Director

Mr. Andrew B. Adams serves as Independent Director of First Quantum Minerals Ltd. Outside Directorships in past five years NonExecutive Director of Torex Gold Resources Inc., and TMAC Resources Inc. His Experience include B.A in Social Science from Southampton University. Qualified as a Chartered Accountant ., Worked for the Anglo American group of companies for 12 years, including Vice President and Chief Financial Officer of AngloGold North America., Vice President and Chief Financial Officer Aber Diamond Corporationrationration., Currently, an independent nonexecutive Director of Torex Gold Resources and TMAC Resources Inc. since 2005.
Age 62
Tenure 20 years
Phone416 361 6400
Webhttps://www.first-quantum.com
Adams obtained his B.A in Social Science from Southampton University and then qualified as a chartered accountant in the United Kingdom in 1981. He has over 20 years of financial experience in the mining industry, and served as Chief Financial Officer of Aber Diamond Corporationration from 1999 to 2003 and Chief Financial Officer of Anglo Gold North America from 1995 to 1999. He is also currently Chairman of the Audit Committee of Uranium One Inc. and Gleichen Resources Ltd.

First Quantum Management Efficiency

The company has return on total asset (ROA) of 0.0167 % which means that it generated a profit of $0.0167 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1727) %, meaning that it generated substantial loss on money invested by shareholders. First Quantum's management efficiency ratios could be used to measure how well First Quantum manages its routine affairs as well as how well it operates its assets and liabilities.
First Quantum Minerals has accumulated 7.58 B in total debt with debt to equity ratio (D/E) of 0.96, which is about average as compared to similar companies. First Quantum Minerals has a current ratio of 1.01, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist First Quantum until it has trouble settling it off, either with new capital or with free cash flow. So, First Quantum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Quantum Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Quantum's use of debt, we should always consider it together with cash and equity.

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First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada. FIRST QUANTUM operates under Copper classification in Canada and is traded on Toronto Stock Exchange. It employs 20000 people. First Quantum Minerals (FM) is traded on Toronto Exchange in Canada and employs 21 people. First Quantum is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

First Quantum Minerals Leadership Team

Elected by the shareholders, the First Quantum's board of directors comprises two types of representatives: First Quantum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Quantum's management team and ensure that shareholders' interests are well served. First Quantum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Quantum's outside directors are responsible for providing unbiased perspectives on the board's policies.
G Newall, President Director
Ryan CFA, Chief Officer
Simon Scott, Independent Director
Rudi Badenhorst, Chief Officer
Anthony Pascall, CEO Director
Sarah Robertson, Corporate Secretary
Juliet Wall, General Manager - Finance
Hannes Meyer, Chief Financial Officer
Zenon Wozniak, Director - Projects
Sarah Comber, Corporate Secretary
Kathleen Hogenson, Independent Director
David deVries, Gen Plc
Peter George, Lead Independent Director
Joanne Warner, Independent Director
Philip Pascall, Executive Chairman of the Board, Chief Executive Officer
Simon MacLean, Group Controller
Andrew Adams, Independent Director
Bonita To, Director Relations
Robert Harding, Lead Independent Director
Wyatt Buck, Director - Operations
John BSc, Group Mining

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Quantum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with First Quantum

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Quantum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Quantum will appreciate offsetting losses from the drop in the long position's value.

Moving against First Stock

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The ability to find closely correlated positions to First Quantum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Quantum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Quantum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Quantum Minerals to buy it.
The correlation of First Quantum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Quantum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in First Stock

First Quantum financial ratios help investors to determine whether First Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Quantum security.