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

First Quantum Minerals Ltd. (TSE:FM) insider Robert Richard Cayton Stone sold 20,000 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the sale, the insider owned 69,196 shares in the company, valued at approximately C$3,226,609.48. The trade was a 22.42% decrease in their position.

First Quantum Minerals Price Performance

TSE:FM traded down C$1.75 during trading hours on Wednesday, reaching C$44.79. The stock had a trading volume of 882,100 shares, compared to its average volume of 2,898,698. First Quantum Minerals Ltd. has a 52 week low of C$27.06 and a 52 week high of C$49.27. The company has a debt-to-equity ratio of 54.66, a quick ratio of 1.41 and a current ratio of 1.90. The company has a 50 day moving average price of C$42.93 and a two-hundred day moving average price of C$39.13. The stock has a market capitalization of C$37.36 billion, a PE ratio of -497.67, a PEG ratio of -1.28 and a beta of 1.43.

First Quantum Minerals (TSE:FM) 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 net margin of 1.44% and a negative return on equity of 0.73%. The company had revenue of C$2.16 billion for the quarter. As a group, sell-side analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.

Analyst Ratings Changes

FM has been the topic of a number of research analyst reports. National Bank Financial set a C$50.00 price target on shares of First Quantum Minerals and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus increased their price target on First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce cut their price target on First Quantum Minerals from C$44.00 to C$41.00 in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price objective on shares of First Quantum Minerals from C$45.00 to C$52.00 in a research note on Wednesday, September 16th. Finally, TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Moderate Buy” and an average price target of C$46.34.

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.