Stifel Nicolaus Raises First Quantum Minerals (TSE:FM) Price Target to C$47.00

First Quantum Minerals (TSE:FM) had its price objective hoisted by analysts at Stifel Nicolaus from C$38.00 to C$47.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 28.45% from the stock’s current price.

Several other equities analysts have also issued reports on FM. Jefferies Financial Group lifted their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Scotiabank raised their price objective on First Quantum Minerals from C$35.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Thursday, January 8th. Royal Bank Of Canada boosted their target price on First Quantum Minerals from C$35.00 to C$40.00 in a report on Wednesday, December 10th. Barclays cut their target price on First Quantum Minerals from C$44.30 to C$44.20 in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$35.00 to C$33.00 in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$41.28.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at C$36.59 on Wednesday. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$45.17. The firm has a market capitalization of C$30.30 billion, a P/E ratio of -1,219.67, a P/E/G ratio of -1.28 and a beta of 1.35. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The business has a fifty day simple moving average of C$37.70 and a two-hundred day simple moving average of C$31.18.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. The company had revenue of C$1.95 billion during the quarter. On average, equities analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

Trending Headlines about First Quantum Minerals

Here are the key news stories impacting First Quantum Minerals this week:

• Positive Sentiment: Scotiabank upgraded FM from “sector perform” to “outperform” and raised its price target to C$45, signaling stronger analyst conviction and suggesting meaningful upside potential. Read More.
• Positive Sentiment: Stifel Nicolaus raised its price target to C$47 and reiterated a “buy” view, representing another bullish analyst repositioning that could support demand in the stock. Read More.
• Positive Sentiment: Company progress on Cobre Panamá — including steps to balance stockpiles and new funding/liquidity measures — has improved the credit outlook and reduces a major operational/financing overhang. This is being cited as a reason investors and credit markets may reassess risk. Read More.
• Neutral Sentiment: TD Securities bumped its target to C$42 but kept a “hold” rating, indicating some upside in the target but less conviction than buy-side upgrades — a mixed signal for trading flows. Read More.
• Negative Sentiment: First Quantum reported weaker quarterly results (reported US$25M in earnings, down year-over-year) and commentary highlighted mixed Q4 results and margins; these near-term fundamentals help explain the downward price pressure. Read More. — and see analysis of valuation after the mixed quarter. Read More.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Finland, Turkey, Spain, and Mauritania. The firm’s project comprises Guelb Moghrein, Sentinel, Kansanshi, Cobre Panama, Pyhasalmi, Ravensthorpe, among others.