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

First Quantum Minerals Ltd. (TSE:FM) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$43.86.

Several analysts have commented on FM shares. TD Securities increased their price target on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. upgraded First Quantum Minerals from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from C$28.00 to C$37.00 in a report on Friday, April 24th. Scotiabank boosted their price objective on First Quantum Minerals from C$44.00 to C$48.00 in a report on Wednesday, May 13th. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. Finally, Barclays cut their price objective on First Quantum Minerals from C$44.60 to C$42.20 in a report on Monday, May 4th.

First Quantum Minerals Stock Performance

FM stock opened at C$45.76 on Friday. 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 business’s fifty day simple moving average is C$36.80 and its two-hundred day simple moving average is C$36.15. First Quantum Minerals has a twelve month low of C$20.46 and a twelve month high of C$46.31. The firm has a market cap of C$37.90 billion, a price-to-earnings ratio of -190.67, a PEG ratio of -1.28 and a beta of 1.49.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C($0.25) EPS for the quarter. The firm had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.78%. Analysts predict 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.