First Quantum Minerals (TSE:FM) Director Kathleen Applegate Hogenson Buys 1,073 Shares

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

First Quantum Minerals Price Performance

Shares of FM stock opened at C$39.35 on Friday. The stock has a 50 day moving average of C$38.70 and a two-hundred day moving average of C$37.51. The company has a current ratio of 1.76, a quick ratio of 1.41 and a debt-to-equity ratio of 54.67. First Quantum Minerals Ltd. has a 12 month low of C$22.16 and a 12 month high of C$46.36. The company has a market capitalization of C$32.59 billion, a P/E ratio of -163.96, a P/E/G ratio of -1.28 and a beta of 1.36.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C($0.25) earnings per share for the quarter. The firm 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%. As a group, equities analysts expect that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Analyst Upgrades and Downgrades

FM has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of First Quantum Minerals from an “underweight” rating to a “neutral” rating and increased their price objective for the company from C$28.00 to C$37.00 in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their target price for the company from C$40.00 to C$50.00 in a research 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 stock a “sector outperform” rating in a research report on Monday, June 15th. Canaccord Genuity Group cut their price target on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Scotia lowered 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. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals currently has an average 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.