First Quantum Minerals (TSE:FM) Trading Down 0.7%

Shares of First Quantum Minerals Ltd. (TSE:FM) dropped 0.7% during mid-day trading on Friday . The company traded as low as C$17.75 and last traded at C$17.82. Approximately 20,700 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,690,854 shares. The stock had previously closed at C$17.94.

Analysts Set New Price Targets

FM has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a research report on Monday, July 22nd. CIBC boosted their price objective on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Barclays lifted their target price on shares of First Quantum Minerals from C$16.00 to C$18.00 in a report on Thursday, August 1st. Citigroup raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$14.00 to C$26.00 in a report on Thursday, June 20th. Finally, Raymond James increased their target price on shares of First Quantum Minerals from C$19.00 to C$21.00 in a research report on Thursday, May 23rd. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$20.12.

First Quantum Minerals Trading Down 1.2 %

The stock has a market capitalization of C$14.78 billion, a P/E ratio of -7.04, a price-to-earnings-growth ratio of -1.28 and a beta of 1.72. The company has a 50-day moving average price of C$16.47 and a 200 day moving average price of C$16.44. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.02. The firm had revenue of C$1.68 billion during the quarter, compared to analysts’ expectations of C$1.42 billion. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. On average, research analysts forecast that First Quantum Minerals Ltd. will post 1.0143443 earnings per share for the current fiscal year.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Insiders own 19.35% 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.