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

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last year. There are currently 1 sell rating, 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued twelve-month target prices for First Quantum Minerals' stock. Their FM share price targets range from C$12.00 to C$39.00. On average, they predict the company's share price to reach C$26.44 in the next year. This suggests a possible upside of 136.3% 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 at the beginning of 2023. Since then, FM shares have decreased by 60.4% and is now trading at C$11.19. 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) posted its earnings results on Tuesday, October, 24th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.36. The business earned $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. First Quantum Minerals had a trailing twelve-month return on equity of 5.35% and a net margin of 8.63%.

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

First Quantum Minerals declared a Semi-Annual dividend on Friday, August 25th. Shareholders of record on Tuesday, September 19th will be paid 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 1.58%. The dividend payout ratio is 17.36%. 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 Stock Price, News & Analysis (TSE:FM)

C$11.19

+0.08 (+0.72%)

(As of 12/1/2023 ET)

Compare

Today's Range: C$10.96
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C$11.32
50-Day Range: C$11.11
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C$32.10
52-Week Range: C$10.89
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C$39.13

Volume: 3.85 million shs
Average Volume: 2.35 million shs
Market Capitalization: C$7.76 billion

P/E Ratio: 9.25
Dividend Yield: 1.88%
Price Target: C$26.44

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: 136.3% Upside
C$26.44 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.24
Based on 47 Articles This Week
Insider Trading: N/A
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.

2.67 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$26.44, First Quantum Minerals has a forecasted upside of 136.3% from its current price of C$11.19.
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 1.58%, 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 17.36%. 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.

2.1

News and Social Media Coverage

News Sentiment
First Quantum Minerals has a news sentiment score of -0.24. 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 0.33 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 47 news articles for First Quantum Minerals this week, compared to 5 articles on an average week.
Search Interest
5 people have searched for FM on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added First Quantum Minerals to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Quantum Minerals insiders have not sold or bought any 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 9.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Quantum Minerals is 9.25, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.74.
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 0.66. 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 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 2, 2023 | Wealthpress (Ad)

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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 2, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

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