Kathleen Applegate Hogenson Acquires 1,073 Shares of First Quantum Minerals (TSE:FM) Stock

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

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$39.80 on Friday. The company has a 50 day moving average price of C$38.73 and a 200 day moving average price of C$37.52. The firm has a market capitalization of C$32.96 billion, a P/E ratio of -165.83, a PEG ratio of -1.28 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. First Quantum Minerals Ltd. has a 52 week low of C$22.16 and a 52 week 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. The company 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%. Sell-side analysts expect that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FM shares. BMO Capital Markets raised their target price on First Quantum Minerals from C$40.00 to C$48.00 in a research note on Wednesday, April 22nd. Scotia dropped their price target 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. Morgan Stanley raised First Quantum Minerals from an “equal” rating to an “overweight” rating and increased their price objective for the company from C$37.70 to C$42.20 in a report on Tuesday, May 19th. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$38.00 to C$50.00 in a research note on Thursday, March 12th. Finally, Scotiabank lifted 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 report on Monday, June 15th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, First Quantum Minerals currently has a consensus 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.