First Quantum Minerals (TSE:FM) Director Purchases 1,073 Shares of Stock

First Quantum Minerals Ltd. (TSE:FM) Director Kathleen Applegate Hogenson acquired 1,073 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of C$37.53 per share, with a total value of C$40,269.69. Following the transaction, the director owned 62,240 shares in the company, valued at approximately C$2,335,867.20. The trade was a 1.75% increase in their ownership of the stock.

First Quantum Minerals Stock Performance

TSE FM traded up C$0.03 during trading hours on Thursday, hitting C$38.77. The company had a trading volume of 2,617,905 shares, compared to its average volume of 3,111,572. 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 firm has a market cap of C$32.11 billion, a P/E ratio of -161.54, a price-to-earnings-growth ratio of -1.28 and a beta of 1.36. First Quantum Minerals Ltd. has a fifty-two week low of C$22.16 and a fifty-two week high of C$46.36. The business has a fifty day simple moving average of C$38.65 and a 200-day simple moving average of C$37.46.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research note on Wednesday, April 22nd. UBS Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from C$38.00 to C$50.00 in a research report on Thursday, March 12th. Scotia cut their target price on shares of First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 30th. Morgan Stanley upgraded First Quantum Minerals from an “equal” rating to an “overweight” rating and raised their price objective for the stock from C$37.70 to C$42.20 in a research report on Tuesday, May 19th. Finally, Scotiabank lifted their target price on shares of 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, June 15th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.24.

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.