First Quantum Minerals (FM) Scheduled to Post Earnings on Tuesday

First Quantum Minerals (TSE:FMGet Free Report) is set to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of C($0.26) per share for the quarter.

First Quantum Minerals Stock Up 0.3 %

Shares of FM opened at C$12.10 on Tuesday. The company has a 50-day simple moving average of C$11.79 and a 200-day simple moving average of C$22.56. The firm has a market capitalization of C$8.39 billion, a P/E ratio of 10.25, a P/E/G ratio of -1.28 and a beta of 1.95. The company has a debt-to-equity ratio of 64.53, a quick ratio of 1.41 and a current ratio of 1.85. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13.

Insiders Place Their Bets

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of C$11.04, for a total transaction of C$496,750.50. Corporate insiders own 19.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FM has been the subject of several recent analyst reports. National Bank Financial lowered shares of First Quantum Minerals from an “outperform spec market weight” rating to a “sec perform spec market wgt” rating in a report on Monday, October 30th. Raymond James dropped their price objective on shares of First Quantum Minerals from C$20.00 to C$13.00 and set a “market perform” rating for the company in a report on Tuesday, December 12th. TD Securities dropped their price objective on shares of First Quantum Minerals from C$16.00 to C$13.00 and set a “hold” rating for the company in a report on Tuesday, December 5th. Stifel Nicolaus dropped their price objective on shares of First Quantum Minerals from C$24.00 to C$22.00 and set a “hold” rating for the company in a report on Monday, November 13th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, First Quantum Minerals presently has a consensus rating of “Hold” and a consensus price target of C$19.39.

Read Our Latest Stock Analysis on First Quantum Minerals

About First Quantum Minerals

(Get Free Report)

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.

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Earnings History for First Quantum Minerals (TSE:FM)

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