First Quantum Minerals Ltd. (TSE:FM) Stock Has Consensus Target Price of C$46.78 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Eight analysts rate First Quantum Minerals a buy, three recommend holding, and one issues a strong buy. The average 12-month price target is C$46.78.
• Recent target changes were mixed, with Royal Bank of Canada raising its target to C$52 and Stifel Nicolaus to C$55, while Morgan Stanley cut its target to C$45.20. TD Securities also upgraded the stock to “strong buy.”
• Insider Robert Richard Cayton Stone sold 20,000 shares for approximately C$932,600, reducing his position by 22.42%. The company reported a quarterly loss of C$0.19 per share on C$2.16 billion in revenue.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$46.78.

FM has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on First Quantum Minerals from C$46.30 to C$45.20 in a research report on Wednesday, July 8th. Raymond James Financial raised their price target on shares of First Quantum Minerals from C$45.00 to C$47.00 and gave the company a "market perform" rating in a report on Friday, September 4th. Royal Bank Of Canada lifted 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. TD Securities upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st.

Insiders Place Their Bets

In other First Quantum Minerals news, insider Robert Richard Cayton Stone sold 20,000 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the completion of the sale, the insider directly owned 69,196 shares in the company, valued at approximately C$3,226,609.48. The trade was a 22.42% decrease in their position. Corporate insiders own 19.35% of the company's stock.

First Quantum Minerals Stock Performance

FM stock opened at C$33.44 on Monday. The stock has a market capitalization of C$27.90 billion, a PE ratio of -371.56, a price-to-earnings-growth ratio of -1.28 and a beta of 1.47. First Quantum Minerals has a 12-month low of C$27.06 and a 12-month high of C$49.27. The company has a current ratio of 1.90, a quick ratio of 1.41 and a debt-to-equity ratio of 54.66. The stock's 50 day simple moving average is C$42.46 and its 200 day simple moving average is C$40.22.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share for the quarter. The business had revenue of C$2.16 billion during the quarter. First Quantum Minerals had a negative return on equity of 0.73% and a negative net margin of 1.44%. As a group, research analysts forecast that First Quantum Minerals will post 0.56 earnings per share 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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