Shares of First Quantum Minerals Limited (TSE:FM) traded down 3% during mid-day trading on Tuesday . The stock traded as low as C$12.30 and last traded at C$12.37. 110,007 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,301,007 shares. The stock had previously closed at C$12.75.

Several analysts have issued reports on the stock. Macquarie upgraded shares of First Quantum Minerals from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 25th. CIBC decreased their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Monday, October 1st. Deutsche Bank decreased their price target on shares of First Quantum Minerals from C$23.00 to C$19.00 in a research report on Tuesday, October 2nd. Raymond James decreased their price target on shares of First Quantum Minerals from C$25.00 to C$24.00 in a research report on Friday, October 5th. Finally, Barclays upgraded shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, October 10th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$19.46.

The company has a debt-to-equity ratio of 69.74, a current ratio of 2.12 and a quick ratio of 1.18.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Monday, October 29th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.21 by C$0.04. The business had revenue of C$1.28 billion for the quarter, compared to the consensus estimate of C$1.24 billion. On average, research analysts predict that First Quantum Minerals Limited will post 0.947778654884396 earnings per share for the current year.

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First Quantum Minerals Company Profile (TSE:FM)

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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