First Quantum Minerals Ltd. (TSE:FM) Receives C$45.68 Consensus PT from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$45.68.

Several equities research analysts recently weighed in on the company. Raymond James Financial boosted their target price on First Quantum Minerals from C$45.00 to C$47.00 and gave the stock a “market perform” rating in a research note on Friday, September 4th. Scotiabank boosted their price objective 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 report on Monday, June 15th. Canadian Imperial Bank of Commerce lowered their target price on shares of First Quantum Minerals from C$44.00 to C$41.00 in a report on Thursday, July 30th. Morgan Stanley dropped their target price on shares of First Quantum Minerals from C$46.30 to C$45.20 in a research report on Wednesday, July 8th. Finally, Barclays lifted their price target on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th.

Insider Buying and Selling

In other news, insider Gavin Ashley sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Following the completion of the sale, the insider directly owned 75,905 shares of the company’s stock, valued at approximately C$3,491,630. This represents a 20.85% decrease in their ownership of the stock. Also, Director Kathleen Applegate Hogenson bought 1,073 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of C$37.53 per share, for a total transaction of C$40,269.69. Following the completion of the transaction, the director owned 62,240 shares of the company’s stock, valued at approximately C$2,335,867.20. The trade was a 1.75% increase in their position. 19.35% of the stock is currently owned by insiders.

First Quantum Minerals Stock Up 3.0%

FM stock opened at C$45.92 on Friday. The company’s 50 day moving average price is C$41.82 and its 200 day moving average price is C$38.79. The company has a debt-to-equity ratio of 54.66, a quick ratio of 1.41 and a current ratio of 1.90. First Quantum Minerals has a fifty-two week low of C$24.76 and a fifty-two week high of C$49.27. The firm has a market capitalization of C$38.31 billion, a price-to-earnings ratio of -510.22, a PEG ratio of -1.28 and a beta of 1.43.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share (EPS) for the quarter. The firm had revenue of C$2.16 billion during the quarter. First Quantum Minerals had a negative return on equity of 0.73% and a negative net margin of 1.44%. On average, equities research analysts anticipate that First Quantum Minerals will post 0.55872 EPS 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.