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 firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction of C$117,165.19.

First Quantum Minerals Trading Up 5.3 %

FM opened at C$18.55 on Wednesday. The firm has a market capitalization of C$15.47 billion, a P/E ratio of -7.25, a P/E/G ratio of -1.28 and a beta of 1.72. The firm’s 50 day moving average is C$16.45 and its 200-day moving average is C$16.55. First Quantum Minerals Ltd. has a 52-week low of C$9.31 and a 52-week high of C$32.48. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00.

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

Wall Street Analyst Weigh In

FM has been the topic of several research analyst reports. CIBC raised their target price on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. JPMorgan Chase & Co. decreased their target price on shares of First Quantum Minerals from C$20.00 to C$16.00 in a research report on Friday, July 19th. Morgan Stanley raised their target price on shares of First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Jefferies Financial Group lifted their price target on shares of First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the company from C$19.00 to C$26.00 in a research report on Wednesday, June 26th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$20.12.

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.