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 company’s stock in a transaction 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 Price Performance

Shares of TSE:FM opened at C$22.19 on Friday. The company has a market cap of C$12.59 billion, a price-to-earnings ratio of -8.20, a PEG ratio of -1.28 and a beta of 1.73. The business has a 50 day moving average price of C$18.96 and a 200 day moving average price of C$18.46. 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) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating 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 period in the previous year, the business earned ($0.37) earnings per share. Research analysts predict that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays dropped their target price on First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Morgan Stanley raised their price objective 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 report on Thursday, December 12th. Royal Bank of Canada boosted their target price on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Scotiabank cut their price target on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals has a consensus 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.