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 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 Stock Up 2.7 %

Shares of TSE:FM opened at C$21.71 on Wednesday. The stock’s 50-day moving average price is C$18.87 and its two-hundred day moving average price is C$18.37. 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 12-month low of C$13.30 and a 12-month high of C$21.92. The firm has a market cap of C$12.32 billion, a price-to-earnings ratio of -8.02, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted ($0.37) EPS. On average, research analysts forecast that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FM. Morgan Stanley raised their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Scotiabank dropped their price target on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. TD Securities raised their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Thursday, February 13th. Barclays dropped their price target on First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$21.57.

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.