First Quantum Minerals Ltd. (TSE:FM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$42.91.

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of First Quantum Minerals from C$44.00 to C$48.00 in a research note on Wednesday, May 13th. TD Securities raised their target price on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the company from C$38.00 to C$50.00 in a research note on Thursday, March 12th. Morgan Stanley upgraded shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and raised their target price for the company from C$37.70 to C$42.20 in a research note on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th.

First Quantum Minerals Price Performance

Shares of FM opened at C$46.13 on Friday. The company has a market cap of C$38.20 billion, a price-to-earnings ratio of -192.21, a price-to-earnings-growth ratio of -1.28 and a beta of 1.49. First Quantum Minerals has a twelve month low of C$20.38 and a twelve month high of C$46.23. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. The company has a 50 day moving average of C$35.88 and a two-hundred day moving average of C$35.82.

First Quantum Minerals (TSE:FM) last announced its earnings results 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 during the quarter. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.78%. As a group, analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

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.