Zenon Wozniak Sells 6,323 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19.

First Quantum Minerals Stock Performance

TSE:FM opened at C$19.25 on Friday. The stock has a 50 day simple moving average of C$16.45 and a 200 day simple moving average of C$16.59. The stock has a market cap of C$16.06 billion, a P/E ratio of -7.52, a PEG ratio of -1.28 and a beta of 1.72. First Quantum Minerals Ltd. has a 1-year low of C$9.31 and a 1-year high of C$32.48. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The company had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion. Research analysts anticipate that First Quantum Minerals Ltd. will post 0.4745943 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Eight Capital upped their price objective on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Barclays upped their price target on shares of First Quantum Minerals from C$16.00 to C$18.00 in a research report on Thursday, August 1st. Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. Canaccord Genuity Group upped their target price on shares of First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Finally, Stifel Nicolaus raised their target price on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$20.12.

First Quantum Minerals Company Profile

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.