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

Key Points

• Analysts have a consensus recommendation of "Moderate Buy" on First Quantum from 15 brokerages (10 buys, 5 holds) with an average 1-year target of C$42.63, and several recent upgrades including BMO to C$48 and CIBC to C$46.
• The stock opened at C$32.34, trades within a 52-week range of C$18.43–C$45.17, has a market cap of C$26.78 billion, and reported a quarterly loss of C($0.25) EPS (negative P/E of -134.75).
• Operationally, First Quantum produces copper, nickel and gold with mines in Zambia, Türkiye and Mauritania, while its Cobre Panamá mine is in preservation and Ravensthorpe is in care and maintenance as it advances the Taca Taca project in Argentina.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$42.63.

FM has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce raised their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. Scotiabank raised shares of First Quantum Minerals from a "hold" rating to an "outperform" rating and raised their price target for the stock from C$44.00 to C$45.00 in a research report on Thursday, February 12th. Desjardins raised their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a "hold" rating in a research report on Monday, January 26th. BMO Capital Markets raised their price target on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research report on Wednesday, April 22nd. Finally, TD Securities raised their price target on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a "hold" rating in a research report on Thursday, February 12th.

First Quantum Minerals Price Performance

TSE:FM opened at C$32.34 on Monday. First Quantum Minerals has a 52 week low of C$18.43 and a 52 week high of C$45.17. The firm has a market cap of C$26.78 billion, a price-to-earnings ratio of -134.75, a P/E/G ratio of -1.28 and a beta of 1.50. The firm's 50-day simple moving average is C$35.42 and its 200 day simple moving average is C$34.87. The company has a debt-to-equity ratio of 54.67, a quick ratio of 1.41 and a current ratio of 1.76.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported C($0.25) EPS for the quarter. First Quantum Minerals had a negative return on equity of 1.78% and a negative net margin of 3.69%.The business had revenue of C$1.95 billion for the quarter. As a group, sell-side analysts predict that First Quantum Minerals will post 0.55872 earnings per share 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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