First Quantum Minerals (TSE:FM) Trading Down 2.8% - Should You Sell?

First Quantum Minerals Ltd. (TSE:FM - Get Free Report)'s stock price traded 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. 542,711 shares changed hands during trading, a decline of 80% from the average session volume of 2,685,906 shares. The stock had previously closed at C$16.56.

Wall Street Analyst Weigh In

FM has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Scotiabank decreased their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Morgan Stanley cut their price target on First Quantum Minerals from C$19.70 to C$19.40 in a report on Wednesday, April 9th. Raymond James raised their target price on First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. Finally, Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$21.77.

First Quantum Minerals Stock Down 1.2 %

The firm has a 50-day moving average of C$18.43 and a two-hundred day moving average of C$18.71. The firm has a market cap of C$10.71 billion, a price-to-earnings ratio of -6.97, a PEG ratio of -1.28 and a beta of 1.73. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping analysts' consensus estimates 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 firm earned ($0.37) earnings per share. As a group, sell-side analysts predict that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 40,000 shares of First Quantum Minerals stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Alison Cheryl Beckett purchased 1,388 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. Insiders own 19.35% of the company's stock.

About First Quantum Minerals

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.