First Quantum Minerals (FM) to Release Quarterly Earnings on Tuesday

First Quantum Minerals (TSE:FM) is scheduled to release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect First Quantum Minerals to post earnings of C$0.04 per share for the quarter.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. The business had revenue of C$1.68 billion for the quarter, compared to analysts’ expectations of C$1.42 billion. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%.

First Quantum Minerals Stock Up 4.8 %

Shares of First Quantum Minerals stock opened at C$18.30 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The business’s 50 day simple moving average is C$16.89 and its 200-day simple moving average is C$17.02. The stock has a market capitalization of C$15.26 billion, a price-to-earnings ratio of -7.07, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$31.32.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FM. Canaccord Genuity Group increased their price target on First Quantum Minerals from C$22.00 to C$25.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Thursday, October 10th. National Bankshares dropped their price target on First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Jefferies Financial Group raised their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. Finally, Morgan Stanley raised their target price on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$20.59.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by corporate 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.