Charles Kevin Mcarthur Acquires 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 the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$17.23 per share, with a total value of C$430,842.13.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$18.51 on Thursday. The firm has a market capitalization of C$10.51 billion, a price-to-earnings ratio of -6.84, a PEG ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals Ltd. has a 52-week low of C$12.77 and a 52-week high of C$21.45. The company has a fifty day simple moving average of C$18.85 and a 200-day simple moving average of C$18.13.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping 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 quarter in the prior year, the business earned ($0.37) EPS. On average, equities analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FM has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. TD Securities increased their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th. Barclays cut their price target on First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$21.57.

About First Quantum Minerals

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.