First Quantum Minerals (TSE:FM) Announces Quarterly Earnings Results

First Quantum Minerals (TSE:FM) released its quarterly earnings data on Tuesday. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01, RTT News reports. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. During the same period in the previous year, the business earned ($0.37) EPS.

First Quantum Minerals Price Performance

FM stock opened at C$18.91 on Thursday. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company’s fifty day moving average price is C$19.12 and its 200-day moving average price is C$18.01. First Quantum Minerals has a one year low of C$10.91 and a one year high of C$21.45. The company has a market capitalization of C$15.77 billion, a PE ratio of -7.30, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average cost of C$18.57 per share, with a total value of C$25,942.29. 19.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FM. JPMorgan Chase & Co. reduced their target price on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Morgan Stanley lifted 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. Jefferies Financial Group cut their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their target price on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Finally, National Bankshares upped their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.