First Quantum Minerals Ltd. (TSE:FM) Receives C$41.19 Consensus Price Target from Brokerages

First Quantum Minerals Ltd. (TSE:FM) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$41.19.

A number of brokerages have recently issued reports on FM. Morgan Stanley upped their price target on First Quantum Minerals from C$33.50 to C$36.70 in a research report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce boosted their target price on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. Stifel Nicolaus upped their target price on First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Scotiabank upgraded First Quantum Minerals from a “hold” rating to an “outperform” rating and increased their price target for the company from C$44.00 to C$45.00 in a research note on Thursday, February 12th. Finally, Barclays lowered their price target on First Quantum Minerals from C$44.20 to C$42.90 in a report on Tuesday.

First Quantum Minerals Stock Up 3.6%

TSE:FM opened at C$37.71 on Wednesday. The company’s 50-day simple moving average is C$38.10 and its 200-day simple moving average is C$31.74. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. First Quantum Minerals has a fifty-two week low of C$14.41 and a fifty-two week high of C$45.17. The stock has a market capitalization of C$31.23 billion, a P/E ratio of -1,257.00, a P/E/G ratio of -1.28 and a beta of 1.35.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The firm had revenue of C$1.95 billion during the quarter. On average, equities analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

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.