National Bank Financial Analysts Give First Quantum Minerals (TSE:FM) a C$50.00 Price Target

National Bank Financial set a C$50.00 price target on First Quantum Minerals (TSE:FM) in a research report sent to investors on Monday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Morgan Stanley dropped their target price on First Quantum Minerals from C$46.30 to C$45.20 in a report on Wednesday, July 8th. Raymond James Financial upped their price objective on First Quantum Minerals from C$45.00 to C$47.00 and gave the stock a “market perform” rating in a research report on Friday, September 4th. Canadian Imperial Bank of Commerce dropped their price objective on shares of First Quantum Minerals from C$44.00 to C$41.00 in a research note on Thursday, July 30th. Barclays raised their price objective on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their target price on shares of First Quantum Minerals from C$45.00 to C$52.00 in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$46.34.

First Quantum Minerals Price Performance

TSE FM opened at C$45.17 on Monday. The company has a market cap of C$37.68 billion, a price-to-earnings ratio of -501.89, a PEG ratio of -1.28 and a beta of 1.43. The company has a debt-to-equity ratio of 54.66, a current ratio of 1.90 and a quick ratio of 1.41. The stock’s fifty day moving average price is C$43.07 and its 200 day moving average price is C$39.21. First Quantum Minerals has a 1 year low of C$27.06 and a 1 year high of C$49.27.

First Quantum Minerals (TSE:FM) last posted its earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$2.16 billion for the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. As a group, equities research analysts forecast that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kathleen Applegate Hogenson purchased 1,073 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$37.53 per share, with a total value of C$40,269.69. Following the acquisition, the director owned 62,240 shares in the company, valued at C$2,335,867.20. The trade was a 1.75% increase in their ownership of the stock. Also, insider Robert Richard Cayton Stone sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the transaction, the insider owned 69,196 shares of the company’s stock, valued at C$3,226,609.48. This represents a 22.42% decrease in their ownership of the stock. Company insiders own 19.35% of the company’s stock.

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.