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

Shares of First Quantum Minerals Ltd. (TSE:FM) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$42.91.

A number of equities research analysts recently weighed in on FM shares. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$38.00 to C$50.00 in a research note on Thursday, March 12th. BMO Capital Markets boosted their target price on shares of First Quantum Minerals from C$40.00 to C$48.00 in a report on Wednesday, April 22nd. Canaccord Genuity Group decreased their price target on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus lifted their price objective on shares of 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. Finally, National Bank Financial boosted their price objective on shares of First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th.

First Quantum Minerals Trading Up 4.5%

Shares of FM opened at C$41.49 on Friday. The firm 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. The company has a debt-to-equity ratio of 54.67, a current ratio of 1.76 and a quick ratio of 1.41. 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 50-day moving average of C$35.38 and a 200 day moving average of C$35.64.

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