First Quantum Minerals Ltd. (TSE:FM) Given Consensus Rating of “Moderate Buy” by Analysts

First Quantum Minerals Ltd. (TSE:FM) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$44.24.

A number of analysts have recently weighed in on FM shares. Barclays reduced their target price on shares of First Quantum Minerals from C$44.60 to C$42.20 in a report on Monday, May 4th. BMO Capital Markets boosted their target price on shares of First Quantum Minerals from C$40.00 to C$48.00 in a report on Wednesday, April 22nd. Morgan Stanley upgraded shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and boosted their target price for the stock from C$37.70 to C$42.20 in a report on Tuesday, May 19th. Stifel Nicolaus lifted their price target on shares of First Quantum Minerals from C$47.00 to C$52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Scotiabank lifted their price target on shares of First Quantum Minerals from C$48.00 to C$55.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$37.13 on Tuesday. The company’s 50-day moving average price is C$38.69 and its 200-day moving average price is C$37.39. First Quantum Minerals has a twelve month low of C$22.16 and a twelve month high of C$46.36. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. The company has a market cap of C$30.75 billion, a PE ratio of -154.71, a price-to-earnings-growth ratio of -1.28 and a beta of 1.36.

First Quantum Minerals (TSE:FM) last posted its earnings results on Wednesday, April 29th. The company reported C($0.25) earnings per share for the quarter. First Quantum Minerals had a negative return on equity of 1.78% and a negative net margin of 3.69%.The business had revenue of C$1.95 billion during the quarter. On average, equities research analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Activity at First Quantum Minerals

In related news, insider Gavin Ashley sold 20,000 shares of First Quantum Minerals stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the completion of the transaction, the insider directly owned 75,905 shares of the company’s stock, valued at approximately C$3,491,630. The trade was a 20.85% decrease in their position. Corporate insiders own 19.35% of the company’s stock.

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.