First Quantum Minerals Ltd. (TSE:FM) Receives C$44.24 Consensus Target Price from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$44.24.

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on First Quantum Minerals from C$47.00 to C$52.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. upgraded First Quantum Minerals from an “underweight” rating to a “neutral” rating and boosted their target price for the company from C$28.00 to C$37.00 in a research note on Friday, April 24th. Morgan Stanley upgraded First Quantum Minerals from an “equal” rating to an “overweight” rating and boosted their target price for the company from C$37.70 to C$42.20 in a research note on Tuesday, May 19th. Finally, Scotia lowered their target price on First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 30th.

Insider Buying and Selling

In other First Quantum Minerals news, insider Gavin Ashley sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the insider 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. 19.35% of the stock is owned by company insiders.

First Quantum Minerals Stock Down 0.4%

Shares of First Quantum Minerals stock opened at C$37.30 on Tuesday. First Quantum Minerals has a 1 year low of C$22.16 and a 1 year high of C$46.36. The company has a market cap of C$30.89 billion, a P/E ratio of -155.42, a P/E/G ratio of -1.28 and a beta of 1.36. The company has a current ratio of 1.76, a quick ratio of 1.41 and a debt-to-equity ratio of 54.67. The stock has a 50-day moving average price of C$38.72 and a 200 day moving average price of C$37.32.

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