First Quantum Minerals Ltd. (TSE:FM) Senior Officer Sells C$914,400.00 in Stock

First Quantum Minerals Ltd. (TSE:FM) Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00.

Zenon Wozniak also recently made the following trade(s):

• On Tuesday, September 24th, Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19.

First Quantum Minerals Stock Performance

Shares of TSE FM traded down C$0.05 during midday trading on Wednesday, hitting C$20.26. 1,326,847 shares of the stock traded hands, compared to its average volume of 2,583,579. The firm has a 50-day moving average of C$18.70 and a two-hundred day moving average of C$17.69. The firm has a market capitalization of C$16.90 billion, a P/E ratio of -7.84, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals Ltd. has a one year low of C$9.31 and a one year high of C$21.45.

Analyst Ratings Changes

A number of research firms have weighed in on FM. Scotiabank upped their target price on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Morgan Stanley upped their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research note on Thursday, September 19th. CIBC upped their price target on First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price target on First Quantum Minerals from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$20.72.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.