First Quantum Minerals Ltd. (TSE:FM) Receives C$41.19 Average PT from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$41.19.

Several analysts recently issued reports on the company. Barclays dropped their target price on First Quantum Minerals from C$44.20 to C$42.90 in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their price objective on First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. Jefferies Financial Group raised their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Royal Bank Of Canada upped their price target on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Finally, National Bank Financial increased their price target on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$40.24 on Wednesday. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$45.17. The company’s fifty day simple moving average is C$38.31 and its 200-day simple moving average is C$32.08. The firm has a market cap of C$33.33 billion, a PE ratio of -1,341.33, a P/E/G ratio of -1.28 and a beta of 1.35. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The firm had revenue of C$1.95 billion for the quarter. Equities research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal 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.