Key Points
- Insider Robert Richard Cayton Stone sold 20,000 shares of First Quantum Minerals at C$46.63 each, totaling C$932,600 and reducing his ownership by 22.42% to 69,196 shares.
- First Quantum shares opened at C$45.17 after declining 2.9%; the company reported a quarterly loss of C$0.19 per share on C$2.16 billion in revenue.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of C$46.34; individual targets range from C$41.00 to C$52.00.
First Quantum Minerals Ltd. (TSE:FM - Get Free Report) insider Robert Richard Cayton Stone sold 20,000 shares of the company's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the completion of the sale, the insider owned 69,196 shares of the company's stock, valued at C$3,226,609.48. This represents a 22.42% decrease in their ownership of the stock.
First Quantum Minerals Trading Down 2.9%
First Quantum Minerals stock opened at C$45.17 on Thursday. First Quantum Minerals Ltd. has a one year low of C$27.06 and a one year high of C$49.27. The company's fifty day moving average price is C$43.07 and its two-hundred day moving average price is C$39.21. The company has a debt-to-equity ratio of 54.66, a current ratio of 1.90 and a quick ratio of 1.41. The company has a market capitalization of C$37.68 billion, a price-to-earnings ratio of -501.89, a PEG ratio of -1.28 and a beta of 1.43.
First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly 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 company had revenue of C$2.16 billion during the quarter. On average, analysts forecast that First Quantum Minerals Ltd. will post 0.55872 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FM. National Bank Financial set a C$50.00 price objective on First Quantum Minerals and gave the company an "outperform" rating in a research note on Monday. Canadian Imperial Bank of Commerce lowered their price target on First Quantum Minerals from C$44.00 to C$41.00 in a report on Thursday, July 30th. Morgan Stanley lowered their price target on First Quantum Minerals from C$46.30 to C$45.20 in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating and lifted their price target for the company from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted 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. One equities 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 company. According to data from MarketBeat, First Quantum Minerals has a consensus rating of "Moderate Buy" and an average target price of C$46.34.
View Our Latest Research Report on FM
About First Quantum Minerals
(
Get Free Report)
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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