Alison Cheryl Beckett Acquires 1,388 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

First Quantum Minerals Ltd. (TSE:FM) Director Alison Cheryl Beckett acquired 1,388 shares of First Quantum Minerals stock in a transaction on Monday, March 31st. The shares were purchased at an average price of C$19.25 per share, with a total value of C$26,719.00.

First Quantum Minerals Price Performance

Shares of TSE FM traded down C$1.18 during mid-day trading on Thursday, reaching C$18.71. The company’s stock had a trading volume of 1,845,746 shares, compared to its average volume of 2,449,863. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals Ltd. has a 52 week low of C$13.81 and a 52 week high of C$23.28. The stock has a fifty day moving average of C$19.28 and a two-hundred day moving average of C$18.73. The firm has a market capitalization of C$10.62 billion, a PE ratio of -6.91, a P/E/G ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share 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 period in the prior year, the business posted ($0.37) earnings per share. As a group, sell-side analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FM shares. Morgan Stanley raised their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Royal Bank of Canada upped their price target on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Barclays reduced their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Scotiabank decreased their price objective 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. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$21.57.

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.