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 First Quantum Minerals stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of C$17.23 per share, with a total value of C$430,842.13.

First Quantum Minerals Price Performance

FM stock traded down C$0.02 on Tuesday, reaching C$17.17. The company had a trading volume of 1,111,387 shares, compared to its average volume of 2,122,008. The company’s fifty day moving average is C$18.89 and its 200 day moving average is C$18.12. The company has a market cap of C$9.75 billion, a P/E ratio of -6.35, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. First Quantum Minerals Ltd. has a 1 year low of C$12.77 and a 1 year high of C$21.45.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating 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 company earned ($0.37) EPS. On average, research analysts forecast that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Analysts Set New Price Targets

FM has been the subject of several analyst reports. Scotiabank cut their price target 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 report on Thursday, January 16th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Royal Bank of Canada raised their price target on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. TD Securities upped their price objective 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. Finally, Morgan Stanley raised their target price on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.