BMO Capital Markets Increases First Quantum Minerals (TSE:FM) Price Target to C$48.00

First Quantum Minerals (TSE:FM) had its target price increased by stock analysts at BMO Capital Markets from C$40.00 to C$48.00 in a note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 28.27% from the company’s current price.

FM has been the topic of a number of other research reports. Barclays lifted their price target on shares of First Quantum Minerals from C$42.90 to C$44.60 in a research note on Monday. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$38.00 to C$50.00 in a report on Thursday, March 12th. Desjardins lifted their target price on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Jefferies Financial Group upped their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Finally, Morgan Stanley dropped their price target on shares of First Quantum Minerals from C$40.00 to C$37.70 in a research report on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy” and a consensus price target of C$41.77.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$37.42 on Wednesday. The stock has a 50 day moving average of C$35.60 and a two-hundred day moving average of C$34.75. 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 12 month low of C$17.66 and a 12 month high of C$45.17. The company has a market capitalization of C$30.99 billion, a P/E ratio of -1,247.33, a P/E/G ratio of -1.28 and a beta of 1.50.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%. As a group, equities analysts expect that First Quantum Minerals will post 0.55872 EPS 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.