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TSE:FM

First Quantum Minerals - FM Stock Forecast, Price & News

C$23.91
-1.10 (-4.40%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
C$23.33
C$24.08
50-Day Range
C$19.11
C$37.50
52-Week Range
C$18.67
C$45.38
Volume
3.07 million shs
Average Volume
2.40 million shs
Market Capitalization
C$16.54 billion
P/E Ratio
9.56
Dividend Yield
0.66%
Price Target
C$34.25
FM stock logo

About First Quantum Minerals (TSE:FM) Stock

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, gold, silver, 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. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Eight Capital upped their target price on First Quantum Minerals from C$40.00 to C$50.00 and gave the stock a "market perform" rating in a report on Thursday, April 21st. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$53.00 to C$45.00 in a report on Friday, July 8th. BNP Paribas upgraded shares of First Quantum Minerals to a "buy" rating and set a C$30.00 target price on the stock in a report on Wednesday, July 13th. National Bankshares decreased their price target on shares of First Quantum Minerals from C$35.00 to C$32.50 and set an "outperform" rating for the company in a research note on Tuesday, July 19th. Finally, CIBC dropped their price objective on shares of First Quantum Minerals from C$34.00 to C$28.00 in a research note on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$34.33.

First Quantum Minerals Stock Up 2.3 %

Shares of FM Stock opened at C$25.01 on Monday. The company has a 50 day simple moving average of C$25.27 and a two-hundred day simple moving average of C$33.07. The stock has a market cap of C$17.30 billion and a P/E ratio of 10.00. First Quantum Minerals has a 12 month low of C$18.67 and a 12 month high of C$45.38. The company has a current ratio of 2.19, a quick ratio of 1.18 and a debt-to-equity ratio of 68.45.

First Quantum Minerals (TSE:FM - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.07). The firm had revenue of C$2.43 billion during the quarter, compared to analysts' expectations of C$2.43 billion. On average, research analysts expect that First Quantum Minerals will post 1.9100001 earnings per share for the current year.

First Quantum Minerals Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th will be issued a $0.16 dividend. This is an increase from First Quantum Minerals's previous Semi-Annual dividend of $0.01. This represents a yield of 0.68%. The ex-dividend date is Friday, August 26th. First Quantum Minerals's payout ratio is currently 0.31%.

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FM Stock News Headlines

First Quantum Minerals (TSE:FM) PT Lowered to C$28.00
First Quantum Minerals Ltd stock raised on Friday.
First Quantum Minerals (TSE:FM) Price Target Cut to C$34.00
First Quantum Minerals (TSE:FM) PT Lowered to C$39.00
First Quantum Minerals Ltd stock dipped on Friday.
See More Headlines
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FM Company Calendar

Last Earnings
7/26/2022
Today
8/15/2022
Ex-Dividend for 9/20 Dividend
8/26/2022
Dividend Payable
9/20/2022
Next Earnings (Estimated)
10/25/2022

Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
20,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$34.25
High Stock Price Forecast
C$50.00
Low Stock Price Forecast
C$20.00
Forecasted Upside/Downside
+43.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.87 billion
Cash Flow
C$2.82 per share
Book Value
C$15.73 per share

Miscellaneous

Free Float
N/A
Market Cap
C$16.54 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Philip Kelvin Rodda Pascall (Age 74)
    Co-Founder & Chairman
    Comp: $2.5M
  • Mr. Anthony Tristan Pascall (Age 46)
    COO, CEO & Director
    Comp: $1.39M
  • Mr. Hannes Otto Meyer (Age 52)
    Chief Financial Officer
    Comp: $970.98k
  • Mr. John Gregory B.Sc.
    Group Consultant of Mining
  • Zenon Wozniak
    Director of Projects
  • Ms. Bonita To
    Director of Investor Relations
  • Ms. Sarah E. H. Robertson
    Corp. Sec.
  • Ms. Juliet Wall
    Gen. Mang. of Fin.
  • David deVries
    Gen. Mang. of Kansanshi Mining Plc
  • Mr. Simon MacLean
    Group Reporting Controller













FM Stock - Frequently Asked Questions

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

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 10 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 forecast for 2022?

21 Wall Street research analysts have issued 1 year price targets for First Quantum Minerals' stock. Their FM share price forecasts range from C$20.00 to C$50.00. On average, they predict the company's stock price to reach C$34.25 in the next twelve months. This suggests a possible upside of 43.2% 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 2022?

First Quantum Minerals' stock was trading at C$30.27 on January 1st, 2022. Since then, FM stock has decreased by 21.0% and is now trading at C$23.91.
View the best growth stocks for 2022 here
.

When is First Quantum Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our FM earnings forecast
.

How were First Quantum Minerals' earnings last quarter?

First Quantum Minerals Ltd. (TSE:FM) announced its quarterly earnings data on Tuesday, July, 26th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by $0.07. The firm earned $2.43 billion during the quarter, compared to analysts' expectations of $2.43 billion.

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 Tuesday, July 26th. Investors of record on Monday, August 29th will be given a dividend of 0.16 per share on Tuesday, September 20th. This represents a dividend yield of 0.68%. The ex-dividend date is Friday, August 26th. This is a boost from the stock's previous Semi-Annual dividend of C$0.01.
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$0.01 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 0.31%. 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).

What is First Quantum Minerals' stock symbol?

First Quantum Minerals trades on the Toronto Stock Exchange (TSX) under the ticker symbol "FM."

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.

What is First Quantum Minerals' stock price today?

One share of FM stock can currently be purchased for approximately C$23.91.

How much money does First Quantum Minerals make?

First Quantum Minerals (TSE:FM) has a market capitalization of C$16.54 billion and generates C$7.87 billion in revenue each year.

How many employees does First Quantum Minerals have?

The company employs 20,000 workers across the globe.

How can I contact First Quantum Minerals?

First Quantum Minerals' mailing address is 543 Granville St 14th Floor, VANCOUVER, BC V6C 1X8, Canada. The official website for the company is www.first-quantum.com. The company can be reached via phone at +1-604-6886577.

This page (TSE:FM) was last updated on 8/15/2022 by MarketBeat.com Staff

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