First Quantum Minerals (TSE:FM) Upgraded to Buy at UBS Group

UBS Group upgraded shares of First Quantum Minerals (TSE:FM) from a neutral rating to a buy rating in a report published on Thursday,BayStreet.CA reports. UBS Group currently has C$50.00 price target on the stock, up from their prior price target of C$38.00.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. JPMorgan Chase & Co. cut First Quantum Minerals from an “overweight” rating to an “underperform” rating and dropped their target price for the company from C$48.00 to C$28.00 in a research report on Monday. Scotiabank upgraded First Quantum Minerals from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$44.00 to C$45.00 in a research note on Thursday, February 12th. TD Securities upped their price target 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. Finally, National Bank Financial increased their price target on First Quantum Minerals from C$42.50 to C$47.00 in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.84.

First Quantum Minerals Trading Up 1.0%

First Quantum Minerals stock opened at C$33.86 on Thursday. The firm has a market cap of C$28.04 billion, a PE ratio of -1,128.67, a P/E/G ratio of -1.28 and a beta of 1.26. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$45.17. The stock’s 50 day simple moving average is C$38.42 and its two-hundred day simple moving average is C$33.06. 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 (TSE:FM) last posted its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share for the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%. The firm had revenue of C$1.95 billion during the quarter. Analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current 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.