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

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 stock was sold at an average price of C$21.11, for a total value of C$844,400.00.

First Quantum Minerals Trading Down 4.0 %

Shares of FM opened at C$22.19 on Friday. The business’s 50-day moving average price is C$18.96 and its 200 day moving average price is C$18.46. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market capitalization of C$12.59 billion, a P/E ratio of -8.20, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a 1-year low of C$13.30 and a 1-year high of C$23.24.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter last year, the company earned ($0.37) EPS. Analysts expect that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FM has been the subject of several recent analyst reports. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Morgan Stanley raised their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Jefferies Financial Group dropped their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. decreased 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, Royal Bank of Canada boosted their target price on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.