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

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$44.24.

A number of equities research analysts recently commented on FM shares. Barclays reduced their price objective on shares of First Quantum Minerals from C$44.60 to C$42.20 in a research report on Monday, May 4th. Morgan Stanley upgraded shares of First Quantum Minerals from an “equal” rating to an “overweight” rating and raised their price objective for the company from C$37.70 to C$42.20 in a research report on Tuesday, May 19th. Scotia reduced their price objective on shares of First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 30th. BMO Capital Markets raised their price objective on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the company from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd.

Insider Activity at First Quantum Minerals

In related news, insider Gavin Ashley sold 20,000 shares of First Quantum Minerals stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the completion of the transaction, the insider directly owned 75,905 shares of the company’s stock, valued at approximately 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 Trading Down 2.5%

FM opened at C$41.94 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. First Quantum Minerals has a 52 week low of C$21.02 and a 52 week high of C$46.36. The business’s 50 day moving average is C$38.79 and its two-hundred day moving average is C$37.23. The firm has a market cap of C$34.73 billion, a price-to-earnings ratio of -174.75, a price-to-earnings-growth ratio of -1.28 and a beta of 1.36.

First Quantum Minerals (TSE:FM) last issued its quarterly 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 company had revenue of C$1.95 billion during the quarter. On average, research analysts predict that First Quantum Minerals will post 0.55872 EPS 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.