First Quantum Minerals Ltd. (TSE:FM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average rating of “Moderate Buy” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$46.78.

Several research analysts recently weighed in on FM shares. Barclays raised their target price on First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th. Scotiabank upped their price target on shares of First Quantum Minerals from C$48.00 to C$55.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. Royal Bank Of Canada raised their price objective on shares of First Quantum Minerals from C$45.00 to C$52.00 in a research report on Wednesday, September 16th. Raymond James Financial raised their price objective on shares of First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research report on Friday, September 4th. Finally, Stifel Nicolaus lifted their price objective on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$38.52 on Thursday. The stock has a fifty day moving average price of C$43.74 and a two-hundred day moving average price of C$39.85. The company has a debt-to-equity ratio of 54.66, a quick ratio of 1.41 and a current ratio of 1.90. The firm has a market cap of C$32.13 billion, a P/E ratio of -428.00, a PEG ratio of -1.28 and a beta of 1.47. First Quantum Minerals has a 1 year low of C$27.06 and a 1 year high of C$49.27.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.19) EPS for the quarter. First Quantum Minerals had a negative return on equity of 0.73% and a negative net margin of 1.44%.The firm had revenue of C$2.16 billion during the quarter. Research analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insiders Place Their Bets

In other First Quantum Minerals news, insider Robert Richard Cayton Stone sold 20,000 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total value of C$932,600.00. Following the transaction, the insider owned 69,196 shares in the company, valued at approximately C$3,226,609.48. The trade was a 22.42% decrease in their ownership of the stock. Insiders own 19.35% of the company’s stock.

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.