First Quantum Minerals (TSE:FM) Stock Crosses Above 200-Day Moving Average - What's Next?

First Quantum Minerals Ltd. (TSE:FM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.72 and traded as high as C$18.89. First Quantum Minerals shares last traded at C$18.56, with a volume of 1,524,770 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on FM shares. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Scotiabank cut 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. Desjardins upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Thursday, April 3rd. Barclays upped their price target on shares of First Quantum Minerals from C$21.40 to C$21.60 in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$21.67.

First Quantum Minerals Price Performance

The business's fifty day moving average price is C$18.63 and its 200-day moving average price is C$18.74. The company has a market capitalization of C$11.01 billion, a P/E ratio of -7.17, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. 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. 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 previous year, the business posted ($0.37) earnings per share. As a group, sell-side analysts predict that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Insider Transactions at First Quantum Minerals

In related news, Director Alison Cheryl Beckett bought 1,388 shares of the company's stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of C$19.25 per share, with a total value of C$26,719.00. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Company insiders own 19.35% of the company's stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.