Gavin Ashley Sells 20,000 Shares of First Quantum Minerals (TSE:FM) Stock

First Quantum Minerals Ltd. (TSE:FM) insider Gavin Ashley sold 20,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Following the transaction, the insider directly owned 75,905 shares of the company’s stock, valued at C$3,491,630. The trade was a 20.85% decrease in their position.

First Quantum Minerals Price Performance

Shares of FM stock traded down C$0.40 during trading on Friday, hitting C$42.91. The company had a trading volume of 1,925,896 shares, compared to its average volume of 3,077,109. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. The stock’s 50-day moving average is C$38.59 and its two-hundred day moving average is C$37.07. The stock has a market capitalization of C$35.54 billion, a price-to-earnings ratio of -178.79, a price-to-earnings-growth ratio of -1.28 and a beta of 1.36. First Quantum Minerals Ltd. has a 52 week low of C$21.02 and a 52 week high of C$46.36.

First Quantum Minerals (TSE:FM) last announced its earnings results on Wednesday, April 29th. The company reported C($0.25) earnings per share for the quarter. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.78%. The company had revenue of C$1.95 billion during the quarter. As a group, analysts predict that First Quantum Minerals Ltd. will post 0.55872 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FM. Morgan Stanley raised shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and lifted their price objective for the stock from C$37.70 to C$42.20 in a report on Tuesday, May 19th. JPMorgan Chase & Co. raised First Quantum Minerals from an “underweight” rating to a “neutral” rating and increased their target price for the company from C$28.00 to C$37.00 in a research note on Friday, April 24th. Scotiabank raised their price target on First Quantum Minerals from C$48.00 to C$55.00 and gave the company a “sector outperform” rating in a research report on Monday. UBS Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$38.00 to C$50.00 in a research note on Thursday, March 12th. Finally, Barclays cut their price objective on First Quantum Minerals from C$44.60 to C$42.20 in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$44.24.

First Quantum Minerals Company Profile

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.