First Quantum Minerals (FM) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of First Quantum Minerals (TSE: FM) recently:

• 7/30/2026 – First Quantum Minerals had its price target lowered by Canadian Imperial Bank of Commerce from C$44.00 to C$41.00.
• 7/21/2026 – First Quantum Minerals had its price target raised by Stifel Nicolaus from C$52.00 to C$55.00. They now have a “buy” rating on the stock.
• 7/16/2026 – First Quantum Minerals had its price target raised by Barclays PLC from C$42.00 to C$46.00.
• 7/14/2026 – First Quantum Minerals was upgraded by TD Securities from “hold” to “strong-buy”.
• 7/14/2026 – First Quantum Minerals had its price target raised by National Bank Financial from C$47.00 to C$50.00. They now have an “outperform” rating on the stock.
• 7/8/2026 – First Quantum Minerals had its price target lowered by Morgan Stanley from C$46.30 to C$45.20.
• 6/15/2026 – First Quantum Minerals had its price target raised by Scotiabank from C$48.00 to C$55.00. They now have a “sector outperform” rating on the stock.
• 6/3/2026 – First Quantum Minerals was upgraded by Deutsche Bank Aktiengesellschaft from “hold” to “buy”. They now have a C$50.00 price target on the stock, up from C$40.00.

Insiders Place Their Bets

In other news, insider Gavin Ashley sold 20,000 shares of the business’s 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 transaction, the insider directly owned 75,905 shares in the company, valued at C$3,491,630. The trade was a 20.85% decrease in their ownership of the stock. Also, Director Kathleen Applegate Hogenson purchased 1,073 shares of First Quantum Minerals stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of C$37.53 per share, with a total value of C$40,269.69. Following the completion of the acquisition, the director directly owned 62,240 shares in the company, valued at approximately C$2,335,867.20. This trade represents a 1.75% increase in their ownership of the stock. Insiders own 19.35% of the company’s stock.

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.