Insider Selling: First Quantum Minerals (TSE:FM) Insider Sells C$932,600.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) insider Robert Richard Cayton Stone sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock.

First Quantum Minerals Stock Up 1.4%

First Quantum Minerals stock opened at C$45.54 on Friday. The firm has a 50 day moving average price of C$43.39 and a 200-day moving average price of C$39.33. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 54.66. First Quantum Minerals Ltd. has a twelve month low of C$27.06 and a twelve month high of C$49.27. The company has a market capitalization of C$37.99 billion, a P/E ratio of -506.00, a P/E/G ratio of -1.28 and a beta of 1.43.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C($0.19) EPS 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. As a group, equities analysts predict that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on FM shares. Scotiabank upped 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, June 15th. Morgan Stanley cut their price target on First Quantum Minerals from C$46.30 to C$45.20 in a research note on Wednesday, July 8th. Stifel Nicolaus lifted their price objective on 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. Canadian Imperial Bank of Commerce lowered their price objective on First Quantum Minerals from C$44.00 to C$41.00 in a research note on Thursday, July 30th. Finally, TD Securities raised 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.