Brokerages Set First Quantum Minerals Ltd. (TSE:FM) PT at C$40.84

Shares of First Quantum Minerals Ltd. (TSE:FM) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$40.84.

Several equities analysts have recently weighed in on FM shares. Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price target for the company from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. TD Securities upped their price objective on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research report on Thursday, February 12th. Jefferies Financial Group increased their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Finally, UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th.

First Quantum Minerals Price Performance

TSE:FM opened at C$32.84 on Friday. The stock has a market capitalization of C$27.19 billion, a PE ratio of -1,094.67, a P/E/G ratio of -1.28 and a beta of 1.26. The firm has a fifty day simple moving average of C$38.07 and a 200 day simple moving average of C$33.38. First Quantum Minerals has a 1-year low of C$14.41 and a 1-year high of C$45.17. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 52.92.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%. On average, research analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

About First Quantum Minerals

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.