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

Key Points

• Analysts give First Quantum Minerals a “Moderate Buy” consensus rating: Ten of 13 analysts rate the stock a buy, one rates it a strong buy and two recommend holding. The average 12-month price target is C$44.68.
• The stock opened at C$44.14, near its 52-week high of C$46.36, and has risen above its 50-day and 200-day moving averages. Recent target changes were mixed, with Scotiabank and Stifel Nicolaus raising targets to C$55 while Canaccord lowered its target to C$46.
• First Quantum reported a quarterly loss of C$0.19 per share on C$2.16 billion in revenue, alongside a negative net margin and return on equity. Insider activity was mixed, with an executive selling 20,000 shares while a director purchased 1,073 shares.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$44.68.

A number of research analysts have recently issued reports on the company. Scotiabank raised their price objective on First Quantum Minerals from C$48.00 to C$55.00 and gave the company a "sector outperform" rating in a research note on Monday, June 15th. Scotia lowered their target price on First Quantum Minerals from C$47.00 to C$44.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 30th. National Bank Financial increased their target price on 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. Stifel Nicolaus raised their price target on 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. Finally, Canaccord Genuity Group decreased their price target on First Quantum Minerals from C$48.00 to C$46.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at C$44.14 on Wednesday. The company has a debt-to-equity ratio of 54.66, a quick ratio of 1.41 and a current ratio of 1.90. First Quantum Minerals has a 52-week low of C$22.21 and a 52-week high of C$46.36. The company has a fifty day moving average of C$40.14 and a 200-day moving average of C$37.80. The stock has a market capitalization of C$36.82 billion, a price-to-earnings ratio of -490.44, a price-to-earnings-growth ratio of -1.28 and a beta of 1.38.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported C($0.19) EPS 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%. Equities research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Buying and Selling at First Quantum Minerals

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

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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