First Quantum Minerals Ltd. (TSE:FM) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts are moderately bullish: First Quantum Minerals has a consensus “Moderate Buy” rating from 14 analysts, with 10 buys, three holds and one strong buy. The average 12-month price target is C$45.68.
• Recent analyst actions were generally positive, including upgraded or increased targets from Barclays, National Bank Financial, Deutsche Bank and TD Securities, although CIBC cut its target to C$41.00.
• The stock opened at C$44.58 and has a 52-week range of C$24.32 to C$49.27. First Quantum reported quarterly revenue of C$2.16 billion but posted a loss of C$0.19 per share.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$45.68.

Several research firms have issued reports on FM. Barclays boosted their price objective on First Quantum Minerals from C$42.00 to C$46.00 in a report on Thursday, July 16th. National Bank Financial lifted their target price on shares of First Quantum Minerals from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce reduced their price target on shares of First Quantum Minerals from C$44.00 to C$41.00 in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$40.00 to C$50.00 in a research report on Wednesday, June 3rd. Finally, TD Securities raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th.

Insider Activity

In related news, Director Kathleen Applegate Hogenson purchased 1,073 shares of First Quantum Minerals stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of C$37.53 per share, with a total value of C$40,269.69. Following the completion of the transaction, the director directly owned 62,240 shares of the company's stock, valued at C$2,335,867.20. This trade represents a 1.75% increase in their ownership of the stock. Also, insider Gavin Ashley sold 20,000 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Following the completion of the transaction, the insider directly owned 75,905 shares in the company, valued at approximately C$3,491,630. The trade was a 20.85% decrease in their ownership of the stock. Insiders own 19.35% of the company's stock.

First Quantum Minerals Trading Down 1.0%

Shares of First Quantum Minerals stock opened at C$44.58 on Friday. First Quantum Minerals has a 1 year low of C$24.32 and a 1 year high of C$49.27. The company has a debt-to-equity ratio of 54.66, a current ratio of 1.90 and a quick ratio of 1.41. The business has a 50 day moving average price of C$41.53 and a 200 day moving average price of C$38.64. The company has a market capitalization of C$37.19 billion, a P/E ratio of -495.33, a P/E/G ratio of -1.28 and a beta of 1.43.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share for the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. The business had revenue of C$2.16 billion for the quarter. Sell-side analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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.

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