First Quantum Minerals Ltd. (TSE:FM) Senior Officer Sells C$264,640.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$15.98 on Friday. The stock’s fifty day moving average is C$17.52 and its 200-day moving average is C$15.61. The company has a debt-to-equity ratio of 52.05, a quick ratio of 1.41 and a current ratio of 2.68. The stock has a market capitalization of C$13.32 billion, a PE ratio of -6.92, a PEG ratio of -1.28 and a beta of 1.96. First Quantum Minerals Ltd. has a 52 week low of C$9.31 and a 52 week high of C$37.61.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. CIBC upped their target price on First Quantum Minerals from C$15.00 to C$18.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. Raymond James upped their target price on First Quantum Minerals from C$19.00 to C$21.00 in a research note on Thursday, May 23rd. BMO Capital Markets lowered First Quantum Minerals from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$17.00 to C$19.00 in a research note on Tuesday, May 21st. Jefferies Financial Group upped their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. cut their target price on First Quantum Minerals from C$20.00 to C$16.00 in a research note on Friday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, First Quantum Minerals has an average rating of “Hold” and an average price target of C$19.99.

About First Quantum Minerals

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.