First Quantum Minerals Ltd. (TSE:FM) Receives C$44.68 Average Target Price from Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$44.68.

Several research firms recently commented on FM. BMO Capital Markets lifted their price objective on First Quantum Minerals from C$40.00 to C$48.00 in a report on Wednesday, April 22nd. National Bank Financial boosted their price objective on shares of First Quantum Minerals from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. TD Securities raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the stock from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd. Finally, Barclays upped their price target on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research report on Thursday, July 16th.

Insiders Place Their Bets

In related news, Director Kathleen Applegate Hogenson purchased 1,073 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of C$37.53 per share, for a total transaction 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. Also, insider Gavin Ashley sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Following the completion of the sale, the insider owned 75,905 shares of the company’s stock, valued at C$3,491,630. The trade was a 20.85% decrease in their position. Company insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at C$43.65 on Wednesday. The firm’s 50 day simple moving average is C$40.14 and its 200 day simple moving average is C$37.90. The firm has a market capitalization of C$36.41 billion, a PE ratio of -485.00, a price-to-earnings-growth ratio of -1.28 and a beta of 1.38. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 54.66. First Quantum Minerals has a 1-year low of C$22.21 and a 1-year high of C$46.36.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share for the quarter. The firm had revenue of C$2.16 billion for the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. As a group, analysts expect that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal 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.