First Quantum Minerals (TSE:FM) Stock Crosses Above 200-Day Moving Average of $15.82

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.82 and traded as high as C$16.75. First Quantum Minerals shares last traded at C$16.62, with a volume of 969,612 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FM shares. BMO Capital Markets lowered shares of First Quantum Minerals from an "outperform" rating to a "market perform" rating and upped their price objective for the company from C$17.00 to C$19.00 in a report on Tuesday, May 21st. Scotiabank reduced their target price on shares of First Quantum Minerals from C$19.00 to C$18.50 in a research report on Thursday, July 25th. Stifel Nicolaus raised their price objective on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. cut their price objective on shares of First Quantum Minerals from C$20.00 to C$16.00 in a report on Friday, July 19th. Finally, Jefferies Financial Group increased their target price on shares of First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals has a consensus rating of "Hold" and a consensus target price of C$19.99.

First Quantum Minerals Stock Performance

The firm's 50-day moving average price is C$17.08 and its two-hundred day moving average price is C$15.84. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68. The stock has a market cap of C$13.85 billion, a price-to-earnings ratio of -7.19, a PEG ratio of -1.28 and a beta of 1.96.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 20.02% and a negative return on equity of 12.97%. The company had revenue of C$1.68 billion for the quarter, compared to analyst estimates of C$1.42 billion. On average, analysts expect that First Quantum Minerals Ltd. will post 1.0067358 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Zenon Wozniak sold 49,250 shares of the business's stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total transaction of C$885,022.50. In other news, Senior Officer Zenon Wozniak sold 49,250 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$17.97, for a total value of C$885,022.50. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. Corporate insiders own 16.10% of the company's stock.

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.