First Quantum Minerals (TSE:FM) Trading Down 2.8% – What’s Next?

by · The Cerbat Gem

First Quantum Minerals Ltd. (TSE:FM – Get Free Report)’s share price was down 2.8% during mid-day trading on Monday . The company traded as low as C$16.01 and last traded at C$16.09. Approximately 542,711 shares traded hands during trading, a decline of 80% from the average daily volume of 2,685,906 shares. The stock had previously closed at C$16.56.

Analyst Ratings Changes

A number of research firms have commented on FM. Royal Bank of Canada boosted their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Raymond James boosted their target price on First Quantum Minerals from C$20.00 to C$21.00 in a report on Friday, April 4th. BMO Capital Markets raised First Quantum Minerals to a “strong-buy” rating in a report on Tuesday, April 15th. Barclays reduced their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.77.

Get Our Latest Analysis on First Quantum Minerals

First Quantum Minerals Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The company’s fifty day moving average is C$18.59 and its 200 day moving average is C$18.74. The firm has a market cap of C$8.96 billion, a price-to-earnings ratio of -5.84, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter last year, the business posted ($0.37) EPS. On average, equities research analysts predict that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

(Get Free Report)

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.

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