First Quantum Minerals Ltd. (TSE:FM) Senior Officer Sells C$844,400.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak sold 40,000 shares of the stock in a transaction dated 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 FM opened at C$22.23 on Friday. First Quantum Minerals Ltd. has a fifty-two week low of C$13.30 and a fifty-two week high of C$23.24. 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 firm has a 50-day simple moving average of C$19.01 and a 200-day simple moving average of C$18.50. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 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 period in the prior year, the company earned ($0.37) earnings per share. On average, equities research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FM. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a research note on Wednesday. Scotiabank decreased their target price on shares of 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 increased their target price on shares of 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. Jefferies Financial Group decreased their target price on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.