First Quantum Minerals (TSE:FM) Price Target Lowered to C$46.00 at Canaccord Genuity Group

First Quantum Minerals (TSE:FM) had its price objective reduced by Canaccord Genuity Group from C$48.00 to C$46.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus boosted their price target on shares of First Quantum Minerals from C$47.00 to C$52.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce boosted their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. National Bank Financial boosted their price target on shares of First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. Desjardins boosted their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a report on Monday, January 26th. Finally, UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and boosted their price target for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of “Moderate Buy” and an average price target of C$42.63.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$33.26 on Thursday. The stock’s fifty day simple moving average is C$35.42 and its 200-day simple moving average is C$34.83. The company has a current ratio of 1.76, a quick ratio of 1.41 and a debt-to-equity ratio of 54.67. First Quantum Minerals has a 1-year low of C$18.42 and a 1-year high of C$45.17. The company has a market capitalization of C$27.55 billion, a price-to-earnings ratio of -1,108.67, a P/E/G ratio of -1.28 and a beta of 1.50.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C($0.25) EPS for the quarter. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.78%. The company had revenue of C$1.95 billion for the quarter. On average, sell-side analysts predict that First Quantum Minerals will post 0.55872 earnings per share 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.