First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on First Quantum Minerals, with nine buy ratings, three holds and one strong-buy rating among 13 analysts. The average 12-month price target is C$46.34.
• Several firms recently raised their ratings or price targets, including TD Securities upgrading the stock to “strong buy” and Stifel Nicolaus lifting its target to C$55.
• The shares opened at C$38.23, below the analyst consensus target, while insider Robert Richard Cayton Stone sold 20,000 shares for C$932,600. The company reported a quarterly loss of C$0.19 per share on C$2.16 billion in revenue.

Shares of First Quantum Minerals Ltd. (TSE:FM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$46.34.

A number of equities analysts recently commented on FM shares. TD Securities upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on shares of First Quantum Minerals from C$45.00 to C$52.00 in a research note on Wednesday, September 16th. Stifel Nicolaus increased their price target on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Raymond James Financial increased their price target on shares of First Quantum Minerals from C$45.00 to C$47.00 and gave the stock a "market perform" rating in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating and raised their price objective for the company from C$40.00 to C$50.00 in a research note on Wednesday, June 3rd.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, insider Robert Richard Cayton Stone sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total value of C$932,600.00. Following the completion of the transaction, the insider owned 69,196 shares of the company's stock, valued at C$3,226,609.48. This trade represents a 22.42% decrease in their position. 19.35% of the stock is currently owned by company insiders.

First Quantum Minerals Stock Down 15.3%

TSE:FM opened at C$38.23 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 54.66. The stock's fifty day moving average is C$43.63 and its two-hundred day moving average is C$39.58. First Quantum Minerals has a 52 week low of C$27.06 and a 52 week high of C$49.27. The stock has a market capitalization of C$31.89 billion, a price-to-earnings ratio of -424.78, a price-to-earnings-growth ratio of -1.28 and a beta of 1.43.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings data 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 during the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. Research analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current 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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