First Quantum Minerals (TSE:FM) Shares Down 2.8% - Time to Sell?

First Quantum Minerals Ltd. (TSE:FM - Get Free Report)'s stock price fell 2.8% on Monday . The company traded as low as C$16.01 and last traded at C$16.09. 542,711 shares traded hands during trading, a decline of 80% from the average session volume of 2,685,906 shares. The stock had previously closed at C$16.56.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FM. Scotiabank reduced their price target 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 report on Thursday, January 16th. Barclays cut their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Morgan Stanley lowered their target price on First Quantum Minerals from C$19.70 to C$19.40 in a report on Wednesday, April 9th. Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, National Bankshares lowered their price objective on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Eight 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$21.77.

First Quantum Minerals Trading Up 0.4 %

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 capitalization of C$10.88 billion, a P/E ratio of -7.08, a PEG ratio of -1.28 and a beta of 1.73. The firm's 50-day simple moving average is C$18.42 and its 200 day simple moving average is C$18.71.

First Quantum Minerals (TSE:FM - Get Free Report) last released its earnings results 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 net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the prior year, the company posted ($0.37) EPS. Equities research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. 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 purchased at an average cost of C$19.25 per share, with a total value of C$26,719.00. 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.