First Quantum Minerals Ltd. (TSE:FM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

First Quantum Minerals Ltd. (TSE:FM) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$46.78.

A number of research analysts have issued reports on the company. Raymond James Financial boosted their target price on First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research note on Friday, September 4th. Stifel Nicolaus raised their price target on First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. TD Securities raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. National Bank Financial set a C$50.00 price objective on First Quantum Minerals and gave the company an “outperform” rating in a report on Monday, September 21st. Finally, Royal Bank Of Canada lifted their price objective on First Quantum Minerals from C$45.00 to C$52.00 in a report on Wednesday, September 16th.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$32.60 on Monday. First Quantum Minerals has a 12-month low of C$27.06 and a 12-month high of C$49.27. The firm has a market capitalization of C$27.20 billion, a price-to-earnings ratio of 155.24, a price-to-earnings-growth ratio of -1.28 and a beta of 1.47. The company has a quick ratio of 1.41, a current ratio of 1.79 and a debt-to-equity ratio of 53.10. The firm has a fifty day moving average of C$41.47 and a 200-day moving average of C$39.02.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$2.97 billion during the quarter. First Quantum Minerals had a net margin of 2.65% and a return on equity of 1.53%. On average, equities research analysts forecast that First Quantum Minerals will post 0.56 earnings per share for the current year.

Insider Transactions at First Quantum Minerals

In related news, insider Robert Richard Cayton Stone sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 69,196 shares of the company’s stock, valued at approximately C$3,226,609.48. This represents a 22.42% decrease in their position. Insiders own 19.35% of the company’s stock.

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.