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

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$44.79.

A number of research firms have weighed in on FM. Morgan Stanley decreased their target price on shares of First Quantum Minerals from C$46.30 to C$45.20 in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd. BMO Capital Markets upped their price objective on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research note on Wednesday, April 22nd. Scotia decreased 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. Finally, Barclays lifted their target price on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday.

First Quantum Minerals Trading Down 1.6%

Shares of FM stock opened at C$36.79 on Friday. The stock has a market cap of C$30.47 billion, a price-to-earnings ratio of -153.29, a PEG ratio of -1.28 and a beta of 1.43. The stock has a 50-day moving average of C$39.46 and a 200-day moving average of C$37.70. The company has a current ratio of 1.76, a quick ratio of 1.41 and a debt-to-equity ratio of 54.67. First Quantum Minerals has a 1-year low of C$22.16 and a 1-year high of C$46.36.

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

Insiders Place Their Bets

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

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.