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 stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the sale, the insider owned 75,905 shares in the company, valued at C$3,491,630. This represents a 20.85% decrease in their position.

First Quantum Minerals Stock Performance

Shares of TSE:FM opened at C$43.01 on Friday. The company’s 50 day simple moving average is C$38.70 and its 200 day simple moving average is C$37.11. The stock has a market capitalization of C$35.62 billion, a price-to-earnings ratio of -179.21, a price-to-earnings-growth ratio of -1.28 and a beta of 1.36. The company has a debt-to-equity ratio of 54.67, a current ratio of 1.76 and a quick ratio of 1.41. First Quantum Minerals Ltd. has a 1 year low of C$21.02 and a 1 year high of C$46.36.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Scotia reduced their price objective on First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 30th. Scotiabank boosted their target price on First Quantum Minerals from C$48.00 to C$55.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. Morgan Stanley raised shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and increased their target price for the stock from C$37.70 to C$42.20 in a report on Tuesday, May 19th. Canaccord Genuity Group reduced their price target on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Barclays decreased their price target on shares of First Quantum Minerals from C$44.60 to C$42.20 in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company 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.