First Quantum Minerals (TSE:FM) Insider Robert Richard Cayton Stone Sells 20,000 Shares of Stock

Key Points

• Insider sale: Robert Richard Cayton Stone sold 20,000 First Quantum Minerals shares at an average price of C$46.63, totaling C$932,600. His remaining stake fell 22.42% to 69,196 shares.
• Stock performance: Shares traded down to C$44.79, though they remained above their 50-day and 200-day moving averages. The stock’s 52-week range is C$27.06 to C$49.27.
• Analyst outlook: Recent analyst actions were broadly positive, with a consensus “Moderate Buy” rating and an average price target of C$46.34.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) insider Robert Richard Cayton Stone sold 20,000 shares of the business's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$46.63, for a total value of C$932,600.00. Following the transaction, the insider owned 69,196 shares of the company's stock, valued at approximately C$3,226,609.48. The trade was a 22.42% decrease in their ownership of the stock.

First Quantum Minerals Price Performance

FM stock traded down C$1.75 during midday trading on Wednesday, reaching C$44.79. The company had a trading volume of 882,100 shares, compared to its average volume of 2,898,698. First Quantum Minerals Ltd. has a 1 year low of C$27.06 and a 1 year high of C$49.27. The firm has a 50-day moving average price of C$42.93 and a 200-day moving average price of C$39.13. The company has a market capitalization of C$37.36 billion, a P/E ratio of -497.67, a P/E/G ratio of -1.28 and a beta of 1.43. The company has a debt-to-equity ratio of 54.66, a current ratio of 1.90 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share for the quarter. First Quantum Minerals had a negative return on equity of 0.73% and a negative net margin of 1.44%.The firm had revenue of C$2.16 billion during the quarter. On average, research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. TD Securities raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Scotiabank increased their price objective on First Quantum Minerals from C$48.00 to C$55.00 and gave the stock a "sector outperform" rating in a report on Monday, June 15th. National Bank Financial set a C$50.00 price objective on First Quantum Minerals and gave the stock an "outperform" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a "hold" rating to a "buy" rating and boosted their target price for the company from C$40.00 to C$50.00 in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, First Quantum Minerals has a consensus rating of "Moderate Buy" and a consensus target price of C$46.34.

About First Quantum Minerals

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company's Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company's Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.

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