Analysts Set First Quantum Minerals Ltd. (TSE:FM) Target Price at C$40.84

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

FM has been the topic of several research reports. Canadian Imperial Bank of Commerce lifted their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. Barclays dropped their price objective on shares of First Quantum Minerals from C$44.20 to C$42.90 in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their target price on shares of First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Jefferies Financial Group boosted 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, National Bank Financial upped their price target on shares of First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$29.79 on Friday. The business has a fifty day simple moving average of C$37.76 and a 200 day simple moving average of C$33.34. The company has a market cap of C$24.67 billion, a P/E ratio of -993.00, a P/E/G ratio of -1.28 and a beta of 1.26. 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 has a twelve month low of C$14.41 and a twelve month high of C$45.17.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm 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%. On average, sell-side analysts forecast that First Quantum Minerals will post 0.55872 EPS for the current fiscal 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.