First Quantum Minerals (TSE:FM) Shares Down 2.1% - Should You Sell?

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) shares fell 2.1% during mid-day trading on Monday . The company traded as low as C$16.22 and last traded at C$16.22. 179,776 shares changed hands during trading, a decline of 93% from the average session volume of 2,680,467 shares. The stock had previously closed at C$16.56.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FM shares. Morgan Stanley reduced their target price on First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. National Bankshares decreased their target price on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Scotiabank lowered their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Desjardins raised First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Trading Up 0.4 %

The business's 50-day simple moving average is C$18.42 and its 200-day simple moving average is C$18.71. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market capitalization of C$10.88 billion, a price-to-earnings ratio of -7.08, a P/E/G ratio of -1.28 and a beta of 1.73.

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 for the quarter, beating the consensus estimate 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 last year, the company earned ($0.37) EPS. On average, research analysts expect that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other First Quantum Minerals news, Director Charles Kevin Mcarthur acquired 25,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price 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 the firm's stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of C$19.25 per share, with a total value of C$26,719.00. Company insiders own 19.35% of the company's stock.

About First Quantum Minerals

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.