First Quantum Minerals (TSE:FM) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

First Quantum Minerals Ltd. (TSE:FM - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$18.78 and traded as high as C$20.81. First Quantum Minerals shares last traded at C$20.21, with a volume of 2,113,198 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Morgan Stanley cut their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Finally, TD Securities lifted their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of "Moderate Buy" and an average price target of C$21.67.

First Quantum Minerals Stock Performance

The stock has a market capitalization of C$11.09 billion, a PE ratio of -7.22, a price-to-earnings-growth 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. The firm's fifty day moving average is C$18.85 and its 200-day moving average is C$18.82.

Insider Buying and Selling

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