First Quantum Minerals (TSE:FM) Raised to Buy at Deutsche Bank Aktiengesellschaft

First Quantum Minerals (TSE:FM) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Wednesday,BayStreet.CA reports. The firm presently has a C$50.00 price target on the stock, up from their prior price target of C$40.00. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 9.77% from the company’s previous close.

Several other research firms have also issued reports on FM. TD Securities raised their price objective on 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. Canadian Imperial Bank of Commerce raised their price objective on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised First Quantum Minerals from an “underweight” rating to a “neutral” rating and raised their price objective for the company from C$28.00 to C$37.00 in a research note on Friday, April 24th. Scotiabank raised their price target on First Quantum Minerals from C$44.00 to C$48.00 in a research note on Wednesday, May 13th. Finally, BMO Capital Markets raised their price target on First Quantum Minerals from C$40.00 to C$48.00 in a research note on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of “Moderate Buy” and an average price target of C$43.86.

First Quantum Minerals Trading Down 1.3%

Shares of TSE:FM traded down C$0.58 during trading on Wednesday, hitting C$45.55. The company had a trading volume of 1,778,671 shares, compared to its average volume of 3,088,110. The stock has a market cap of C$37.72 billion, a price-to-earnings ratio of -189.79, a price-to-earnings-growth ratio of -1.28 and a beta of 1.49. First Quantum Minerals has a one year low of C$20.46 and a one year high of C$46.31. The company has a fifty day simple moving average of C$35.88 and a two-hundred day simple moving average of C$35.82. The company has a debt-to-equity ratio of 54.67, a current ratio of 1.76 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C($0.25) earnings per share (EPS) for the quarter. The company 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, equities analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current 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.