Charles Kevin Mcarthur Purchases 25,000 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

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

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$16.89 on Wednesday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The stock has a market cap of C$9.59 billion, a PE ratio of -6.24, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The stock has a 50-day moving average of C$18.89 and a 200-day moving average of C$18.12. First Quantum Minerals Ltd. has a one year low of C$12.77 and a one year high of C$21.45.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results 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 period in the previous year, the firm posted ($0.37) earnings per share. As a group, sell-side analysts expect that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Wall Street Analyst Weigh In

FM has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Royal Bank of Canada upped their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals currently has an average rating of “Hold” and a consensus 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.