First Quantum Minerals Ltd. (TSE:FM) Director Buys C$430,842.13 in Stock

First Quantum Minerals Ltd. (TSE:FM) Director Charles Kevin Mcarthur bought 25,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of C$17.23 per share, for a total transaction of C$430,842.13.

First Quantum Minerals Trading Up 9.6 %

Shares of First Quantum Minerals stock opened at C$18.51 on Thursday. The company has a 50-day moving average of C$18.85 and a two-hundred day moving average of C$18.13. The stock has a market cap of C$10.51 billion, a PE ratio of -6.84, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a 12-month low of C$12.77 and a 12-month high of C$21.45. 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) last issued its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted ($0.37) earnings per share. On average, research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FM has been the topic of several research reports. Scotiabank reduced their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. TD Securities lifted their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their target price for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.