Should I buy or sell First Quantum Minerals stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FM, but not buy additional shares or sell existing shares. View FM analyst ratings or view top-rated stocks .

What is First Quantum Minerals' stock price target for 2024?

15 brokers have issued 12-month price targets for First Quantum Minerals' shares. Their FM share price targets range from C$12.00 to C$38.00. On average, they anticipate the company's stock price to reach C$22.31 in the next twelve months. This suggests a possible upside of 125.4% from the stock's current price. View analysts price targets for FM or view top-rated stocks among Wall Street analysts .

How have FM shares performed in 2023?

First Quantum Minerals' stock was trading at C$28.29 on January 1st, 2023. Since then, FM shares have decreased by 65.0% and is now trading at C$9.90. View the best growth stocks for 2023 here .

When is First Quantum Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024. View our FM earnings forecast .

How were First Quantum Minerals' earnings last quarter?

First Quantum Minerals Ltd. (TSE:FM) announced its quarterly earnings results on Tuesday, October, 24th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.34 by $0.36. The company earned $2.72 billion during the quarter, compared to analysts' expectations of $2.68 billion. First Quantum Minerals had a net margin of 8.63% and a trailing twelve-month return on equity of 5.35%.

How often does First Quantum Minerals pay dividends? What is the dividend yield for First Quantum Minerals?

First Quantum Minerals announced a Semi-Annual dividend on Friday, August 25th. Stockholders of record on Tuesday, September 19th will be given a dividend of 0.08 per share on Tuesday, September 19th. This represents a yield of 0.2%. The ex-dividend date is Friday, August 25th. Read our dividend analysis for FM .

Is First Quantum Minerals a good dividend stock?

First Quantum Minerals (TSE:FM) pays an annual dividend of C$0.21 per share and currently has a dividend yield of 1.90%. The dividend payout ratio is 17.65%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for FM .

What other stocks do shareholders of First Quantum Minerals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Quantum Minerals investors own include Thermal Energy International (TMG) , 7545 (FQM.L) (FQM) , Teck Resources (TECK.B) , (CXRX) (CXRX) , Hudbay Minerals (HBM) , Hudbay Minerals (HBM) , Teck Resources (TECK) , Lundin Mining (LUN) , First Quantum Minerals (FQVLF) and Bombardier, Inc. Class B (BBD.B) .

How do I buy shares of First Quantum Minerals?

Shares of FM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

First Quantum Minerals (FM) Stock Price, News & Analysis

C$9.87

-0.52 (-5.00%)

(As of 10:03 AM ET)

Compare

Today's Range: C$9.87
▼
C$10.32
50-Day Range: C$10.39
▼
C$32.02
52-Week Range: C$9.87
▼
C$39.13

Volume: 779,643 shs
Average Volume: 2.37 million shs
Market Capitalization: C$6.85 billion

P/E Ratio: 8.29
Dividend Yield: 2.13%
Price Target: C$22.31

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

First Quantum Minerals MarketRank™ Stock Analysis

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 125.4% Upside
C$22.31 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.39
Based on 18 Articles This Week
Insider Trading: Selling Shares
C$496,750 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

4.1

Analyst's Opinion

Consensus Rating
First Quantum Minerals has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 3 buy ratings, 11 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$22.31, First Quantum Minerals has a forecasted upside of 125.4% from its current price of C$9.90.
Amount of Analyst Coverage
First Quantum Minerals has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for FM.

1.7

Dividend Strength

Dividend Yield
First Quantum Minerals pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Quantum Minerals does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Quantum Minerals is 17.65%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FM.

2.0

News and Social Media Coverage

News Sentiment
First Quantum Minerals has a news sentiment score of -0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for First Quantum Minerals this week, compared to 5 articles on an average week.
Search Interest
7 people have searched for FM on MarketBeat in the last 30 days.
MarketBeat Follows
6 people have added First Quantum Minerals to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Quantum Minerals insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$496,750.00 in company stock.
Percentage Held by Insiders
19.76% of the stock of First Quantum Minerals is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.85% of the stock of First Quantum Minerals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of First Quantum Minerals is 8.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Quantum Minerals is 8.32, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 84.90.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for First Quantum Minerals, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
First Quantum Minerals has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Quantum Minerals Stock (TSE:FM)

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. The company was incorporated in 1983 and is based in Vancouver, Canada.

FM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FM Stock News Headlines

December 11, 2023 | finance.yahoo.com

First Quantum (FQVLF) to Shut Production at Cobre Panama Mine

December 11, 2023 | americanbankingnews.com

First Quantum Minerals Ltd. (TSE:FM) Given Consensus Recommendation of "Hold" by Brokerages

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December 10, 2023 | americanbankingnews.com

Zenon Wozniak Sells 45,000 Shares of First Quantum Minerals Ltd. (TSE:FM) Stock

December 8, 2023 | msn.com

TSX Rises; First Quantum Ordered to End Cobre Panama Operations; CWB Earnings Beat

December 8, 2023 | msn.com

Panama Government Orders First Quantum to Cease Operations at Cobre Panama Mine

December 8, 2023 | finance.yahoo.com

UPDATE 1-Panama gov't orders First Quantum to end mining operations, country unit says

December 7, 2023 | americanbankingnews.com

Royal Bank of Canada Lowers First Quantum Minerals (TSE:FM) Price Target to C$15.00

December 11, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

December 7, 2023 | americanbankingnews.com

First Quantum Minerals (TSE:FM) Reaches New 1-Year Low Following Analyst Downgrade

December 6, 2023 | americanbankingnews.com

First Quantum Minerals (TSE:FM) Price Target Cut to C$13.00 by Analysts at TD Securities

December 5, 2023 | americanbankingnews.com

First Quantum Minerals (TSE:FM) Price Target Lowered to C$16.00 at Eight Capital

December 5, 2023 | americanbankingnews.com

First Quantum Minerals (TSE:FM) Price Target Cut to C$18.00 by Analysts at Canaccord Genuity Group

December 5, 2023 | americanbankingnews.com

First Quantum Minerals (TSE:FM) Price Target Lowered to C$20.00 at BMO Capital Markets

December 4, 2023 | finance.yahoo.com

Exclusive-Panama may slash GDP growth view due to suspension of First Quantum mine

December 3, 2023 | finance.yahoo.com

Investors one-year losses continue as First Quantum Minerals (TSE:FM) dips a further 16% this week, earnings continue to decline

December 3, 2023 | americanbankingnews.com

Jefferies Financial Group Lowers First Quantum Minerals (TSE:FM) Price Target to C$12.00

December 2, 2023 | americanbankingnews.com

National Bank Financial Equities Analysts Reduce Earnings Estimates for First Quantum Minerals Ltd. (TSE:FM)

December 1, 2023 | finance.yahoo.com

Canadian mining company starts arbitration in case of closed copper mine in Panama

December 1, 2023 | juniorminingnetwork.com

First Quantum Minerals Comments on Developments in Panama

December 1, 2023 | msn.com

First Quantum starts arbitration process to protect rights at Cobre Panama

December 1, 2023 | finance.yahoo.com

First Quantum Comments on Developments in Panama

December 1, 2023 | theglobeandmail.com

First Quantum initiates international arbitration on Cobre Panama mine

December 1, 2023 | ca.finance.yahoo.com

Live news: BMO, National Bank hike dividends

December 1, 2023 | americanbankingnews.com

Brokers Offer Predictions for First Quantum Minerals Ltd.'s FY2025 Earnings (TSE:FM)

December 1, 2023 | americanbankingnews.com

FY2023 EPS Estimates for First Quantum Minerals Ltd. (TSE:FM) Reduced by Raymond James

November 30, 2023 | seekingalpha.com

FM:CA First Quantum Minerals Ltd.

See More Headlines

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Company Calendar

Ex-Dividend for 9/19 Dividend: 8/25/2023
Dividend Payable: 9/19/2023
Last Earnings: 10/24/2023
Today: 12/11/2023
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Copper
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:FM
CUSIP: N/A
CIK: N/A
Web: www.first-quantum.com
Phone: +1-604-6886577
Fax: N/A
Employees: 20,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$22.31
High Stock Price Target: C$38.00
Low Stock Price Target: C$12.00
Potential Upside/Downside: +114.7%
Consensus Rating: Hold
Rating Score (0-4): 2.13
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.19
Trailing P/E Ratio: 8.73
Forward P/E Ratio: 7.00
P/E Growth: -1.28
Net Income: C$610 million
Net Margins: 8.63%
Pretax Margin: N/A
Return on Equity: 5.35%
Return on Assets: 3.50%

Debt

Debt-to-Equity Ratio: 64.53
Current Ratio: 1.85
Quick Ratio: 1.41

Sales & Book Value

Annual Sales: C$7.07 billion
Price / Sales: 1.02
Cash Flow: C$0.84 per share
Price / Cash Flow: 12.35
Book Value: C$17.01 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 693,600,000
Free Float: N/A
Market Cap: C$7.21 billion
Optionable: Not Optionable
Beta: 2.10

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Key Executives

Mr. Anthony Tristan Pascall (Age 47)
CEO & Director
Comp: $2.56M
Mr. Ryan L. MacWilliam C.F.A.
Chief Financial Officer
Mr. Rudi Badenhorst
Chief Operating Officer
Ms. Bonita To
Director of Investor Relations
Ms. Sarah E. H. Robertson
Corporate Secretary
Mr. Simon MacLean
Group Reporting Controller

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

FM Stock Analysis - Frequently Asked Questions

Should I buy or sell First Quantum Minerals stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 1 sell rating, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FM, but not buy additional shares or sell existing shares.
View FM analyst ratings or view top-rated stocks.
What is First Quantum Minerals' stock price target for 2024?: 15 brokers have issued 12-month price targets for First Quantum Minerals' shares. Their FM share price targets range from C$12.00 to C$38.00. On average, they anticipate the company's stock price to reach C$22.31 in the next twelve months. This suggests a possible upside of 125.4% from the stock's current price.
View analysts price targets for FM or view top-rated stocks among Wall Street analysts.
How have FM shares performed in 2023?: First Quantum Minerals' stock was trading at C$28.29 on January 1st, 2023. Since then, FM shares have decreased by 65.0% and is now trading at C$9.90.
View the best growth stocks for 2023 here.
When is First Quantum Minerals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our FM earnings forecast.
How were First Quantum Minerals' earnings last quarter?: First Quantum Minerals Ltd. (TSE:FM) announced its quarterly earnings results on Tuesday, October, 24th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.34 by $0.36. The company earned $2.72 billion during the quarter, compared to analysts' expectations of $2.68 billion. First Quantum Minerals had a net margin of 8.63% and a trailing twelve-month return on equity of 5.35%.

How often does First Quantum Minerals pay dividends? What is the dividend yield for First Quantum Minerals?: First Quantum Minerals announced a Semi-Annual dividend on Friday, August 25th. Stockholders of record on Tuesday, September 19th will be given a dividend of 0.08 per share on Tuesday, September 19th. This represents a yield of 0.2%. The ex-dividend date is Friday, August 25th.
Read our dividend analysis for FM.
Is First Quantum Minerals a good dividend stock?: First Quantum Minerals (TSE:FM) pays an annual dividend of C$0.21 per share and currently has a dividend yield of 1.90%. The dividend payout ratio is 17.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FM.
What other stocks do shareholders of First Quantum Minerals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Quantum Minerals investors own include Thermal Energy International (TMG), 7545 (FQM.L) (FQM), Teck Resources (TECK.B), (CXRX) (CXRX), Hudbay Minerals (HBM), Hudbay Minerals (HBM), Teck Resources (TECK), Lundin Mining (LUN), First Quantum Minerals (FQVLF) and Bombardier, Inc. Class B (BBD.B).
How do I buy shares of First Quantum Minerals?: Shares of FM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:FM) was last updated on 12/11/2023 by MarketBeat.com Staff

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First Quantum Minerals (FM) Stock Price, News & Analysis

First Quantum Minerals MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About First Quantum Minerals Stock (TSE:FM)

FM Stock Price History

FM Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

FM Stock Analysis - Frequently Asked Questions

Overall MarketRank^™