First Quantum Minerals (FQVLF) Stock Forecast & Price Target

$12.08

-0.02 (-0.17%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Dividend Earnings Financials Headlines Short Interest Sustainability

First Quantum Minerals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for First Quantum Minerals in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 5 have given a hold rating, and 3 have given a buy rating for FQVLF.

Consensus Price Target

$21.00
73.80% Upside

High Forecast	$26.00
Average Forecast	$21.00
Low Forecast	$16.00

According to the 8 analysts' twelve-month price targets for First Quantum Minerals, the average price target is $21.00. The highest price target for FQVLF is $26.00, while the lowest price target for FQVLF is $16.00. The average price target represents a forecasted upside of 73.80% from the current price of $12.08.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$21.00	$21.00	$21.00	$23.00
Forecasted Upside	73.80% Upside	23.67% Upside	23.67% Upside	11.10% Upside

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FQVLF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FQVLF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Quantum Minerals Stock vs. The Competition

Type	First Quantum Minerals	Basic Materials Companies	S&P 500
Consensus Rating Score	2.38	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	73.55% Upside	306.42% Upside	9.14% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/8/2024	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight
6/20/2024	Citigroup 3 of 5 stars	A. Hacking Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/21/2024	The Goldman Sachs Group 2 of 5 stars		Initiated Coverage	Buy
5/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
3/20/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$13.00 ➝ $16.00	+48.70%
3/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
Get the Latest News and Ratings for FQVLF and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for First Quantum Minerals and its competitors with MarketBeat's FREE daily newsletter.
10/31/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform
10/12/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$27.00 ➝ $26.00	+12.07%
7/27/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$37.00 ➝ C$40.00
7/27/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$41.00 ➝ C$44.00
7/26/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$29.00 ➝ C$34.00
7/10/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$40.00 ➝ C$39.00
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matt Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$27.00 ➝ C$26.00
3/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$33.00 ➝ C$35.00
10/27/2022	Rowe Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	C$35.00 ➝ C$31.00
10/6/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jatinder Goel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	C$26.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:54 AM ET.

FQVLF Forecast - Frequently Asked Questions

What is First Quantum Minerals' forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for First Quantum Minerals is $21.00, with a high forecast of $26.00 and a low forecast of $16.00.
Should I buy or sell First Quantum Minerals stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FQVLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FQVLF, but not buy additional shares or sell existing shares.
Does First Quantum Minerals's stock price have much upside?: According to analysts, First Quantum Minerals's stock has a predicted upside of 23.67% based on their 12-month stock forecasts.
Has First Quantum Minerals been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, First Quantum Minerals's stock had 2 downgrades and 1 upgrade by analysts.
What analysts cover First Quantum Minerals?: First Quantum Minerals has been rated by research analysts at BMO Capital Markets, Citigroup, Morgan Stanley, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like First Quantum Minerals more than its competitors?: Analysts like First Quantum Minerals less than other "basic materials" companies. The consensus rating for First Quantum Minerals is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how FQVLF compares to other companies.