First Quantum Minerals (TSE:FM) Shares Down 2.1% - What's Next?

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) were down 2.1% during trading on Monday . The company traded as low as C$16.22 and last traded at C$16.22. Approximately 179,776 shares changed hands during trading, a decline of 93% from the average daily volume of 2,680,467 shares. The stock had previously closed at C$16.56.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FM. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Desjardins upgraded First Quantum Minerals to a "hold" rating in a research note on Thursday, April 3rd. National Bankshares lowered their price objective on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group cut their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, First Quantum Minerals currently has an average rating of "Moderate Buy" and an average price target of C$21.77.

First Quantum Minerals Stock Down 1.2 %

The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$10.71 billion, a P/E ratio of -6.97, a PEG ratio of -1.28 and a beta of 1.73. The company's 50 day moving average price is C$18.43 and its two-hundred day moving average price is C$18.71.

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 period in the prior year, the firm earned ($0.37) EPS. Equities analysts forecast that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Insider Activity

In related news, Director Charles Kevin Mcarthur acquired 25,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost 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 business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total transaction of C$844,400.00. Insiders own 19.35% of the company's stock.

First Quantum Minerals Company Profile

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.