Stifel Nicolaus Forecasts Strong Price Appreciation for First Quantum Minerals (TSE:FM) Stock

First Quantum Minerals (TSE:FM) had its price objective upped by stock analysts at Stifel Nicolaus from C$47.00 to C$52.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 33.13% from the stock’s previous close.

FM has been the subject of several other reports. TD Securities boosted their target price on First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a “hold” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce boosted their price objective on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. Scotiabank raised shares of First Quantum Minerals from a “hold” rating to an “outperform” rating and upped their price objective for the stock from C$44.00 to C$45.00 in a report on Thursday, February 12th. Morgan Stanley decreased their price objective on shares of First Quantum Minerals from C$40.00 to C$37.70 in a report on Thursday, April 9th. Finally, Desjardins boosted their target price on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and an average target price of C$41.24.

First Quantum Minerals Trading Up 0.1%

First Quantum Minerals stock opened at C$39.06 on Wednesday. The company has a debt-to-equity ratio of 52.92, a current ratio of 1.42 and a quick ratio of 1.41. The company has a market capitalization of C$32.35 billion, a price-to-earnings ratio of -1,302.00, a PEG ratio of -1.28 and a beta of 1.50. First Quantum Minerals has a one year low of C$15.59 and a one year high of C$45.17. The company’s fifty day moving average price is C$35.55 and its two-hundred day moving average price is C$34.52.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share 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 during the quarter. On average, analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

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.