First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak Sells 6,323 Shares

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak sold 6,323 shares of the company’s stock in a transaction dated 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 Stock Performance

TSE FM opened at C$19.25 on Friday. The company has a market capitalization of C$16.06 billion, a price-to-earnings ratio of -7.52, a PEG ratio of -1.28 and a beta of 1.72. 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 Ltd. has a twelve month low of C$9.31 and a twelve month high of C$32.48. The stock has a fifty day simple moving average of C$16.45 and a 200 day simple moving average of C$16.59.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FM. Stifel Nicolaus upped their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the company from C$19.00 to C$26.00 in a report on Wednesday, June 26th. Morgan Stanley lifted their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th. Jefferies Financial Group upped their price objective on First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. Finally, Eight Capital lifted their target price on First Quantum Minerals from C$17.00 to C$22.00 in a research report on Thursday, July 11th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$20.12.

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.