First Quantum Minerals (TSE:FM) Upgraded to Hold at Desjardins

First Quantum Minerals (TSE:FM - Get Free Report) was upgraded by analysts at Desjardins to a "hold" rating in a research report issued on Thursday, April 3rd,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Morgan Stanley lifted their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. TD Securities upped their price target on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a "hold" rating in a research note on Thursday, February 13th. Barclays dropped their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Raymond James upped their target price on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. Finally, Canaccord Genuity Group lowered First Quantum Minerals from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$21.68.

First Quantum Minerals Price Performance

FM traded down C$1.28 during trading on Thursday, reaching C$15.67. 2,198,107 shares of the company traded hands, compared to its average volume of 2,670,852. The company has a market cap of C$8.89 billion, a P/E ratio of -5.79, a PEG ratio of -1.28 and a beta of 1.73. 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 has a 12-month low of C$13.81 and a 12-month high of C$23.28. The firm has a fifty day simple moving average of C$18.97 and a 200 day simple moving average of C$18.77.

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First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted ($0.37) EPS. On average, equities analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current year.

Insiders Place Their Bets

In other First Quantum Minerals news, Director Charles Kevin Mcarthur acquired 25,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of C$17.23 per share, with a total value of C$430,842.13. Also, 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. 19.35% of the stock is currently owned by company insiders.

About First Quantum Minerals

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.