First Quantum Minerals Ltd. (TSE:FM) Receives Consensus Rating of “Moderate Buy” from Analysts

First Quantum Minerals Ltd. (TSE:FM) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$40.84.

A number of equities analysts recently issued reports on the company. National Bank Financial raised their price target on First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. Desjardins increased their price objective on 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. Stifel Nicolaus lifted their target price on 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. Jefferies Financial Group boosted their target price on First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce upped their price target on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th.

First Quantum Minerals Trading Down 4.2%

TSE:FM opened at C$32.43 on Friday. The company has a market capitalization of C$26.86 billion, a PE ratio of -1,081.00, a P/E/G ratio of -1.28 and a beta of 1.26. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$45.17. The stock’s 50 day moving average price is C$38.32 and its 200 day moving average price is C$33.19. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of 52.92.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share 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 0.24% and a negative net margin of 0.52%. On average, research analysts anticipate that First Quantum Minerals will post 0.55872 EPS 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.