First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak Sells 40,000 Shares

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak sold 40,000 shares of the 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 transaction of C$844,400.00.

First Quantum Minerals Stock Performance

TSE FM opened at C$23.12 on Thursday. The stock has a market capitalization of C$13.12 billion, a price-to-earnings ratio of -8.54, a PEG ratio of -1.28 and a beta of 1.73. The stock has a 50-day moving average of C$18.93 and a 200 day moving average of C$18.42. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. First Quantum Minerals Ltd. has a twelve month low of C$13.30 and a twelve month high of C$23.24.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter in the prior year, the business posted ($0.37) earnings per share. Sell-side analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FM shares. Morgan Stanley upped their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Jefferies Financial Group reduced their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Royal Bank of Canada raised their price target on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Finally, Barclays lowered their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Hold” and an average target price of C$21.57.

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.