Insider Buying: First Quantum Minerals Ltd. (TSE:FM) Director Acquires C$26,719.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) Director Alison Cheryl Beckett acquired 1,388 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of C$19.25 per share, for a total transaction of C$26,719.00.

First Quantum Minerals Trading Down 11.6 %

FM stock opened at C$16.00 on Friday. First Quantum Minerals Ltd. has a one year low of C$13.81 and a one year high of C$23.28. The company has a market capitalization of C$9.08 billion, a PE ratio of -5.91, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company’s 50 day moving average price is C$19.20 and its two-hundred day moving average price is C$18.75. 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 (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 net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the prior year, the firm earned ($0.37) earnings per share. As a group, analysts predict that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FM shares. Raymond James lifted their target price on First Quantum Minerals from C$20.00 to C$21.00 in a report on Friday. Morgan Stanley raised their price objective 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. Barclays decreased their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Jefferies Financial Group cut their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Finally, TD Securities upped their price target on shares of 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. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.