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

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) Senior Officer Zenon Wozniak sold 40,000 shares of the firm's 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 transaction of C$844,400.00.

First Quantum Minerals Stock Up 0.2 %

Shares of TSE FM traded up C$0.04 during trading on Friday, reaching C$22.23. 3,950,856 shares of the stock were exchanged, compared to its average volume of 2,366,389. The company has a market capitalization of C$12.62 billion, a price-to-earnings ratio of -8.22, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The business's 50-day moving average price is C$19.01 and its 200 day moving average price is C$18.50. The company has a quick ratio of 1.41, a current ratio of 1.80 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 - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business posted ($0.37) EPS. As a group, equities analysts forecast that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FM. Morgan Stanley increased their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Jefferies Financial Group cut their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. TD Securities upped their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group cut First Quantum Minerals from a "buy" rating to a "hold" rating and reduced their target price for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.