First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Moderate Buy” from Brokerages

First Quantum Minerals Ltd. (TSE:FM) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$41.19.

FM has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. TD Securities increased their price target on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$35.00 to C$33.00 in a research note on Wednesday, November 26th. Canadian Imperial Bank of Commerce upped their price objective on shares of First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. Finally, Stifel Nicolaus raised their target price on shares of First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

First Quantum Minerals Stock Down 1.9%

FM stock opened at C$35.53 on Wednesday. First Quantum Minerals has a fifty-two week low of C$14.41 and a fifty-two week high of C$45.17. The company has a market capitalization of C$29.43 billion, a price-to-earnings ratio of -1,184.33, a price-to-earnings-growth ratio of -1.28 and a beta of 1.35. The business’s 50 day moving average price is C$37.89 and its two-hundred day moving average price is C$31.56. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

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