Research Analysts’ Recent Ratings Updates for First Quantum Minerals (FM)

First Quantum Minerals (TSE: FM) has recently received a number of price target changes and ratings updates:

• 4/25/2024 – First Quantum Minerals had its price target raised by analysts at TD Securities from C$17.00 to C$18.00. They now have a “hold” rating on the stock.
• 4/25/2024 – First Quantum Minerals had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$22.00 to C$21.50. They now have a “buy” rating on the stock.
• 4/24/2024 – First Quantum Minerals had its price target lowered by analysts at BMO Capital Markets from C$17.50 to C$17.00. They now have an “outperform” rating on the stock.
• 4/24/2024 – First Quantum Minerals had its price target lowered by analysts at Jefferies Financial Group Inc. from C$20.00 to C$19.50. They now have a “buy” rating on the stock.
• 4/23/2024 – First Quantum Minerals had its price target raised by analysts at Raymond James from C$16.00 to C$19.00.
• 4/22/2024 – First Quantum Minerals had its price target raised by analysts at Eight Capital from C$16.00 to C$17.00. They now have a “neutral” rating on the stock.
• 4/17/2024 – First Quantum Minerals had its price target raised by analysts at CIBC from C$14.00 to C$15.00. They now have a “neutral” rating on the stock.
• 4/17/2024 – First Quantum Minerals had its price target raised by analysts at JPMorgan Chase & Co. from C$12.00 to C$18.00. They now have a “neutral” rating on the stock.
• 4/17/2024 – First Quantum Minerals had its price target raised by analysts at Canaccord Genuity Group Inc. from C$21.00 to C$22.00.
• 4/17/2024 – First Quantum Minerals had its price target raised by analysts at BMO Capital Markets from C$7.50 to C$8.50.
• 4/16/2024 – First Quantum Minerals had its price target raised by analysts at Barclays PLC from C$13.00 to C$16.00. They now have an “equal weight” rating on the stock.
• 4/9/2024 – First Quantum Minerals had its price target raised by analysts at Bank of America Co. from C$16.00 to C$17.00.
• 3/28/2024 – First Quantum Minerals had its price target raised by analysts at Morgan Stanley from C$17.00 to C$18.90. They now have an “overweight” rating on the stock.
• 3/26/2024 – First Quantum Minerals was given a new C$14.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
• 3/20/2024 – First Quantum Minerals had its price target raised by analysts at Raymond James from C$13.00 to C$16.00.
• 3/8/2024 – First Quantum Minerals was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a C$17.00 price target on the stock, up previously from C$14.20.
• 3/6/2024 – First Quantum Minerals had its price target raised by analysts at JPMorgan Chase & Co. from C$11.00 to C$12.00. They now have a “neutral” rating on the stock.
• 3/4/2024 – First Quantum Minerals was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a C$18.00 price target on the stock, up previously from C$17.00.
• 3/4/2024 – First Quantum Minerals had its price target raised by analysts at BMO Capital Markets from C$17.00 to C$17.50. They now have an “outperform” rating on the stock.
• 3/4/2024 – First Quantum Minerals had its price target raised by analysts at TD Securities from C$14.50 to C$15.50. They now have a “hold” rating on the stock.

First Quantum Minerals Trading Down 2.9 %

Shares of FM stock traded down C$0.51 during trading hours on Thursday, hitting C$16.78. 3,460,353 shares of the company were exchanged, compared to its average volume of 3,144,949. The company has a 50 day simple moving average of C$14.64 and a two-hundred day simple moving average of C$14.60. First Quantum Minerals Ltd. has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The firm has a market cap of C$13.99 billion, a P/E ratio of -8.97, a P/E/G ratio of -1.28 and a beta of 2.01.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The business had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. Equities analysts anticipate that First Quantum Minerals Ltd. will post 0.7906736 EPS for the current year.

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.