First Quantum Minerals Ltd. (TSE:FM) Director Purchases C$26,719.00 in Stock

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) Director Alison Cheryl Beckett acquired 1,388 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of C$19.25 per share, with a total value of C$26,719.00.

First Quantum Minerals Stock Down 1.2 %

FM traded down C$0.18 during midday trading on Tuesday, reaching C$15.41. 1,939,235 shares of the company were exchanged, compared to its average volume of 2,576,054. The company has a market cap of C$8.75 billion, a price-to-earnings ratio of -5.70, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a one year low of C$13.81 and a one year high of C$23.28. The company's fifty day moving average price is C$19.15 and its 200 day moving average price is C$18.79. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals (TSE:FM - Get Free Report) last released 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 net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter in the previous year, the firm earned ($0.37) EPS. As a group, analysts expect that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FM. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating and decreased their target price for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Jefferies Financial Group cut their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Morgan Stanley lifted their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, TD Securities boosted their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a "hold" rating in a research report on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$21.57.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.