First Quantum Minerals (TSE:FM) Releases Earnings Results, Beats Estimates By $0.01 EPS

First Quantum Minerals (TSE:FM) issued its quarterly earnings results on Tuesday. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01, RTT News reports. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%.

First Quantum Minerals Price Performance

Shares of FM stock traded down C$0.97 during trading hours on Tuesday, hitting C$18.83. 3,803,673 shares of the company’s stock were exchanged, compared to its average volume of 2,078,664. The stock’s 50-day moving average is C$19.13 and its 200-day moving average is C$18.01. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The stock has a market cap of C$15.71 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52 week low of C$10.91 and a 52 week high of C$21.45.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott purchased 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Company insiders own 19.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FM. Jefferies Financial Group cut their price target on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Morgan Stanley upped 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 research note on Thursday, December 12th. National Bankshares upped their target price on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating and cut their target price for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$21.47.

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.