First Quantum Minerals Ltd. (TSE:FM) Senior Officer Sells C$185,640.70 in Stock

Key Points

• Senior Officer Zenon Wozniak sold 8,135 shares of First Quantum Minerals at an average price of C$22.82, totaling C$185,640.70.
• First Quantum Minerals’ stock has decreased by 4.8% recently, and its current market capitalization stands at C$12.59 billion.
• Analysts have mixed ratings on the stock, with average ratings of "Moderate Buy" and a consensus price target of C$22.35, reflecting varied expectations for its future performance.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) Senior Officer Zenon Wozniak sold 8,135 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70.

First Quantum Minerals Stock Down 4.8%

Shares of First Quantum Minerals stock opened at C$22.18 on Monday. 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 Ltd. has a 52-week low of C$13.81 and a 52-week high of C$25.96. The stock has a market capitalization of C$12.59 billion, a price-to-earnings ratio of -8.20, a P/E/G ratio of -1.28 and a beta of 1.73. The company's 50 day moving average price is C$22.65 and its 200-day moving average price is C$20.13.

Analyst Ratings Changes

FM has been the topic of a number of recent analyst reports. TD Securities lowered their target price on shares of First Quantum Minerals from C$25.00 to C$24.00 and set a "hold" rating on the stock in a research note on Friday, July 25th. National Bankshares raised their target price on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Barclays raised their target price on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada lifted their price target on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals has an average rating of "Moderate Buy" and a consensus price target of C$22.35.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.

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