First Quantum Minerals (TSE:FM) Upgraded at UBS Group

First Quantum Minerals (TSE:FM) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Thursday,BayStreet.CA reports. The firm presently has a C$50.00 price target on the stock, up from their prior price target of C$38.00. UBS Group’s target price points to a potential upside of 48.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce boosted their price objective on First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. JPMorgan Chase & Co. lowered shares of First Quantum Minerals from an “overweight” rating to an “underperform” rating and cut their price target for the stock from C$48.00 to C$28.00 in a research note on Monday. Stifel Nicolaus lifted 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 report on Wednesday, February 11th. Royal Bank Of Canada upped their target price on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research note on Wednesday, December 10th. Finally, Morgan Stanley raised their price target on shares of First Quantum Minerals from C$33.50 to C$36.70 in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.84.

First Quantum Minerals Trading Up 0.3%

First Quantum Minerals stock traded up C$0.10 during trading on Thursday, hitting C$33.61. The company had a trading volume of 796,070 shares, compared to its average volume of 2,816,342. The stock has a market cap of C$27.84 billion, a price-to-earnings ratio of -1,120.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.26. 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 has a 1-year low of C$14.41 and a 1-year high of C$45.17. The company’s 50 day simple moving average is C$38.48 and its 200-day simple moving average is C$33.05.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%.The company had revenue of C$1.95 billion for the quarter. As a group, 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.