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First Quantum Minerals (FM) Stock Forecast & Price Target

C$19.13
+0.46 (+2.46%)
(As of 07/12/2024 ET)

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

Consensus Price Target

C$19.74
3.18% Upside
High ForecastC$26.00
Average ForecastC$19.74
Low ForecastC$16.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
11 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price TargetC$19.74C$17.78C$15.91C$33.00
Forecasted Upside3.18% Upside13.39% Upside21.75% Upside7.29% Upside
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FM 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.
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FM 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.
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First Quantum Minerals Stock vs. The Competition

TypeFirst Quantum MineralsBasic Materials Companies
Consensus Rating Score
2.35
2.62
Consensus RatingHoldModerate Buy
News Sentiment RatingNeutral News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Eight Capital
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 Boost TargetC$17.00 ➝ C$22.00+17.84%
7/8/2024Jefferies Financial Group
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 Boost TargetC$19.50 ➝ C$23.00+26.79%
7/8/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight
7/3/2024JPMorgan Chase & Co.
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 Boost TargetC$17.00 ➝ C$20.00+3.25%
6/26/2024Deutsche Bank Aktiengesellschaft
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 UpgradeHold ➝ BuyC$19.00 ➝ C$26.00+33.61%
6/20/2024Citigroup
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 UpgradeNeutral ➝ BuyC$14.00 ➝ C$26.00+52.22%
6/20/2024CIBC
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 Boost TargetNeutralC$15.00 ➝ C$18.00+5.39%
5/30/2024Stifel Nicolaus
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 Boost TargetHoldC$15.00 ➝ C$18.00+0.56%
5/30/2024Scotiabank
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 Boost TargetSector PerformC$18.00 ➝ C$19.00+6.15%
5/23/2024Raymond James
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 Boost TargetC$19.00 ➝ C$21.00+17.25%
5/21/2024BMO Capital Markets
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J. Przybylowski
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DowngradeOutperform ➝ Market PerformC$17.00 ➝ C$19.00-5.80%
4/25/2024TD Securities
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 Boost TargetHoldC$17.00 ➝ C$18.00+10.57%
4/25/2024Canaccord Genuity Group
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 Lower TargetBuyC$22.00 ➝ C$21.50+32.06%
4/16/2024Barclays
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 Boost TargetEqual WeightC$13.00 ➝ C$16.00+7.89%
4/9/2024Bank of America
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 Boost TargetC$16.00 ➝ C$17.00+5.20%
3/4/2024Royal Bank of Canada
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 UpgradeSector Perform ➝ OutperformC$17.00 ➝ C$18.00+32.84%
3/1/2024National Bankshares
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 UpgradeSector Perform ➝ OutperformC$15.00 ➝ C$16.50+27.61%
2/29/2024National Bank Financial
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S. Nagle
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UpgradeSec Perform Spec Market Wgt ➝ Outperform Spec Market Weight
1/16/2024UBS Group
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 Set TargetNeutralC$16.00+20.57%
12/8/2022Morgan Joseph
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 Boost TargetC$19.00 ➝ C$22.00-32.16%
10/27/2022CSFB
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 Lower TargetC$33.00 ➝ C$31.00+21.62%
10/27/2022Credit Suisse Group
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 Lower TargetC$31.00+25.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:17 PM ET.

FM Forecast - Frequently Asked Questions

What is First Quantum Minerals' forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for First Quantum Minerals is C$19.74, with a high forecast of C$26.00 and a low forecast of C$16.00.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 11 hold ratings and 6 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.

Does First Quantum Minerals's stock price have much upside?

According to analysts, First Quantum Minerals's stock has a predicted upside of 19.70% 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 upgrades and 2 downgrades by analysts.

What analysts cover First Quantum Minerals?
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 FM compares to other companies.


This page (TSE:FM) was last updated on 7/14/2024 by MarketBeat.com Staff

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