Alison Cheryl Beckett Buys 1,388 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

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

First Quantum Minerals Stock Performance

Shares of FM opened at C$16.00 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$9.08 billion, a P/E ratio of -5.91, a P/E/G ratio of -1.28 and a beta of 1.73. The business’s 50 day moving average price is C$19.20 and its 200-day moving average price is C$18.75. First Quantum Minerals Ltd. has a 52 week low of C$13.81 and a 52 week high of C$23.28.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping the consensus estimate 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 prior year, the business earned ($0.37) EPS. Equities research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group lowered their price target on First Quantum Minerals from C$23.00 to C$22.00 in a research 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 report on Thursday, December 12th. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Desjardins upgraded shares of First Quantum Minerals to a “hold” rating in a report on Thursday. Finally, Scotiabank dropped their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.