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

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$41.19.

FM has been the topic of several research reports. National Bank Financial increased their target price on First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$35.00 to C$33.00 in a report on Wednesday, November 26th. Desjardins raised their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a report on Monday, January 26th. Jefferies Financial Group lifted their price target on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Finally, Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th.

First Quantum Minerals Trading Up 3.6%

Shares of FM stock opened at C$37.71 on Wednesday. The firm’s 50-day simple moving average is C$38.10 and its 200-day simple moving average is C$31.86. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$45.17. The firm has a market cap of C$31.23 billion, a P/E ratio of -1,257.00, a PEG ratio of -1.28 and a beta of 1.35.

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