First Quantum Minerals (TSE:FM) Insider Gavin Ashley Sells 20,000 Shares of 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 shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Following the completion of the sale, the insider directly owned 75,905 shares of the company’s stock, valued at approximately C$3,491,630. This trade represents a 20.85% decrease in their position.

First Quantum Minerals Trading Down 0.9%

FM stock traded down C$0.40 during trading on Friday, hitting C$42.91. 1,925,896 shares of the company traded hands, compared to its average volume of 3,077,109. The firm has a market capitalization of C$35.54 billion, a PE ratio of -178.79, a P/E/G ratio of -1.28 and a beta of 1.36. First Quantum Minerals Ltd. has a 1 year low of C$21.02 and a 1 year high of C$46.36. The company has a 50-day moving average of C$38.59 and a 200-day moving average of C$37.07. The company has a debt-to-equity ratio of 54.67, a quick ratio of 1.41 and a current ratio of 1.76.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on FM shares. Canaccord Genuity Group cut their target price on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price target for the company from C$40.00 to C$50.00 in a report on Wednesday, June 3rd. Scotiabank increased their price target 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. Morgan Stanley raised shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and raised their price target for the stock from C$37.70 to C$42.20 in a report on Tuesday, May 19th. Finally, Stifel Nicolaus boosted their price objective on shares of First Quantum Minerals from C$47.00 to C$52.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.