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

Key Points

• Moderate Buy consensus from 15 analysts with an average 12‑month target of C$40.84; analyst views are divergent — UBS upgraded to a buy with a C$50 target while JPMorgan cut to underperform with a C$28 target.
• First Quantum (market cap C$31.11B) reported C$0.01 EPS and C$1.95B revenue for the latest quarter, trades between a 52‑week low of C$14.41 and high of C$45.17, and has shifted key assets into preservation/care (Cobre Panamá, Ravensthorpe) while advancing projects like Taca Taca, La Granja and Haquira.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$40.84.

FM has been the topic of a number of recent analyst reports. UBS Group raised First Quantum Minerals from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$38.00 to C$50.00 in a research note on Thursday, March 12th. JPMorgan Chase & Co. lowered First Quantum Minerals from an "overweight" rating to an "underperform" rating and reduced their price objective for the stock from C$48.00 to C$28.00 in a research note on Monday, March 9th. Canadian Imperial Bank of Commerce boosted their price objective on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. National Bank Financial boosted their price objective on First Quantum Minerals from C$42.50 to C$47.00 in a research note on Thursday, January 29th. Finally, Desjardins boosted their price objective on First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a "hold" rating in a research note on Monday, January 26th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$37.57 on Thursday. The company has a debt-to-equity ratio of 52.92, a quick ratio of 1.41 and a current ratio of 1.42. The firm has a market cap of C$31.11 billion, a P/E ratio of -1,252.33, a P/E/G ratio of -1.28 and a beta of 1.50. The business's fifty day moving average is C$35.61 and its two-hundred day moving average is C$34.14. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$45.17.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%. Equities research analysts forecast 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.

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