First Quantum Minerals Ltd. (TSE:FM) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Quantum Minerals Ltd. (TSE:FM) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$44.68.

A number of analysts have weighed in on the company. Barclays raised their price target on First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th. Stifel Nicolaus increased their price target on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Scotiabank increased their price objective on First Quantum Minerals from C$48.00 to C$55.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Morgan Stanley lowered their target price on shares of First Quantum Minerals from C$46.30 to C$45.20 in a report on Wednesday, July 8th. Finally, TD Securities upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th.

First Quantum Minerals Price Performance

Shares of FM opened at C$43.65 on Wednesday. First Quantum Minerals has a fifty-two week low of C$22.21 and a fifty-two week high of C$46.36. The firm’s 50 day moving average price is C$40.14 and its 200 day moving average price is C$37.87. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 54.66. The company has a market cap of C$36.41 billion, a P/E ratio of -485.00, a PEG ratio of -1.28 and a beta of 1.38.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share (EPS) for the quarter. The company had revenue of C$2.16 billion during the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. On average, research analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

Insider Activity at First Quantum Minerals

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

First Quantum Minerals Company Profile

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.