First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak Sells 8,135 Shares

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 First Quantum Minerals stock in a transaction that occurred on 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 Up 2.6%

Shares of TSE FM traded up C$0.60 during mid-day trading on Friday, reaching C$23.76. The company had a trading volume of 1,447,224 shares, compared to its average volume of 2,482,896. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company has a market capitalization of C$13.49 billion, a price-to-earnings ratio of -8.78, a PEG ratio of -1.28 and a beta of 1.73. The stock has a fifty day moving average of C$22.82 and a two-hundred day moving average of C$20.21. First Quantum Minerals Ltd. has a 12-month low of C$13.81 and a 12-month high of C$25.96.

Analysts Set New Price Targets

Several research firms have recently weighed in on FM. Barclays raised their price objective on First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. National Bankshares increased their price target on First Quantum Minerals from C$24.00 to C$27.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Raymond James Financial raised shares of First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. Finally, BMO Capital Markets upgraded shares of First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$22.99.

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.