First Quantum Minerals Ltd. (TSE:FM) Given Consensus Rating of “Moderate Buy” by Brokerages

First Quantum Minerals Ltd. (TSE:FM) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$44.96.

Several research analysts recently issued reports on FM shares. BMO Capital Markets increased their price target on shares of First Quantum Minerals from C$40.00 to C$48.00 in a report on Wednesday, April 22nd. Canaccord Genuity Group lowered their price objective on First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. upgraded First Quantum Minerals from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from C$28.00 to C$37.00 in a research report on Friday, April 24th. TD Securities raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus increased their target price on First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday.

Insiders Place Their Bets

In related news, insider Gavin Ashley sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the transaction, the insider owned 75,905 shares of the company’s stock, valued at C$3,491,630. This represents a 20.85% decrease in their ownership of the stock. Also, Director Kathleen Applegate Hogenson acquired 1,073 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of C$37.53 per share, with a total value of C$40,269.69. Following the transaction, the director directly owned 62,240 shares of the company’s stock, valued at C$2,335,867.20. This represents a 1.75% increase in their position. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Stock Performance

Shares of FM opened at C$38.52 on Friday. The stock has a market capitalization of C$31.90 billion, a P/E ratio of -160.50, a P/E/G ratio of -1.28 and a beta of 1.43. The company has a debt-to-equity ratio of 54.67, a quick ratio of 1.41 and a current ratio of 1.76. First Quantum Minerals has a 1 year low of C$22.16 and a 1 year high of C$46.36. The company’s fifty day moving average is C$39.74 and its two-hundred day moving average is C$37.77.

First Quantum Minerals (TSE:FM) last released its earnings results on Wednesday, April 29th. The company reported C($0.25) EPS for the quarter. The firm had revenue of C$1.95 billion during the quarter. First Quantum Minerals had a negative return on equity of 1.78% and a negative net margin of 3.69%. On average, sell-side analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current 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.