First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$42.91.

Several research analysts have weighed in on the company. Barclays dropped their price target on First Quantum Minerals from C$44.60 to C$42.20 in a research note on Monday, May 4th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price target for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. National Bank Financial increased their price objective on shares of First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. JPMorgan Chase & Co. upgraded First Quantum Minerals from an “underweight” rating to a “neutral” rating and raised their price objective for the company from C$28.00 to C$37.00 in a research report on Friday, April 24th. Finally, Canaccord Genuity Group decreased their target price on First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th.

First Quantum Minerals Price Performance

TSE FM opened at C$41.49 on Friday. The stock has a market capitalization of C$34.36 billion, a price-to-earnings ratio of -172.88, a PEG ratio of -1.28 and a beta of 1.49. First Quantum Minerals has a 1-year low of C$20.23 and a 1-year high of C$45.17. The company has a debt-to-equity ratio of 54.67, a current ratio of 1.76 and a quick ratio of 1.41. The business’s fifty day moving average price is C$35.38 and its 200-day moving average price is C$35.64.

First Quantum Minerals (TSE:FM) last announced its earnings results on Wednesday, April 29th. The company reported C($0.25) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.78%. The business had revenue of C$1.95 billion for the quarter. On average, equities analysts predict that First Quantum Minerals will post 0.55872 earnings per share 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.