First Quantum Minerals (FM) – Investment Analysts’ Recent Ratings Changes

First Quantum Minerals (TSE: FM) has recently received a number of price target changes and ratings updates:

• 10/28/2025 – First Quantum Minerals had its price target raised by analysts at Scotiabank from C$34.00 to C$35.00.
• 10/21/2025 – First Quantum Minerals was upgraded by analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating.
• 10/21/2025 – First Quantum Minerals was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a C$38.00 price target on the stock, up previously from C$26.00.
• 10/21/2025 – First Quantum Minerals had its price target raised by analysts at TD Securities from C$30.00 to C$35.00.
• 10/14/2025 – First Quantum Minerals had its price target raised by analysts at Scotiabank from C$28.00 to C$34.00. They now have a “sector perform” rating on the stock.
• 10/10/2025 – First Quantum Minerals had its price target raised by analysts at Raymond James Financial, Inc. from C$25.00 to C$29.00.
• 10/10/2025 – First Quantum Minerals was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a C$42.00 price target on the stock, up previously from C$20.00.
• 10/10/2025 – First Quantum Minerals had its price target raised by analysts at CIBC from C$26.00 to C$36.00.
• 10/10/2025 – First Quantum Minerals had its price target raised by analysts at Barclays PLC from C$27.30 to C$38.00.
• 10/8/2025 – First Quantum Minerals had its price target raised by analysts at Citigroup Inc. from C$26.00 to C$39.00. They now have a “buy” rating on the stock.
• 10/8/2025 – First Quantum Minerals had its price target raised by analysts at National Bankshares, Inc. from C$32.00 to C$36.00. They now have an “outperform” rating on the stock.
• 10/8/2025 – First Quantum Minerals had its price target raised by analysts at Morgan Stanley from C$24.60 to C$31.20.
• 10/6/2025 – First Quantum Minerals had its price target raised by analysts at Jefferies Financial Group Inc. from C$33.00 to C$38.00.
• 9/29/2025 – First Quantum Minerals had its price target raised by analysts at Jefferies Financial Group Inc. from C$28.00 to C$33.00. They now have a “buy” rating on the stock.
• 9/29/2025 – First Quantum Minerals had its price target raised by analysts at TD Securities from C$25.00 to C$30.00. They now have a “hold” rating on the stock.
• 9/10/2025 – First Quantum Minerals had its price target raised by analysts at Royal Bank Of Canada from C$28.00 to C$30.00.

Insider Buying and Selling

In related news, Director Charles Kevin Mcarthur purchased 10,000 shares of First Quantum Minerals stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of C$29.06 per share, for a total transaction of C$290,600.00. Following the completion of the transaction, the director owned 35,000 shares in the company, valued at C$1,017,100. The trade was a 40.00% increase in their ownership of the stock. Insiders own 19.35% of the company’s stock.

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.