First Quantum Minerals (TSE:FM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

First Quantum Minerals (TSE:FM) had its price objective lifted by equities research analysts at Stifel Nicolaus from C$47.00 to C$52.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 34.06% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a report on Monday, January 12th. Barclays lowered their target price on First Quantum Minerals from C$44.20 to C$42.90 in a report on Tuesday, February 17th. Morgan Stanley dropped their target price on First Quantum Minerals from C$40.00 to C$37.70 in a research report on Thursday, April 9th. National Bank Financial lifted their price target on First Quantum Minerals from C$42.50 to C$47.00 in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. cut First Quantum Minerals from an “overweight” rating to an “underperform” rating and decreased their price objective for the stock from C$48.00 to C$28.00 in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$41.24.

First Quantum Minerals Trading Up 0.5%

TSE:FM traded up C$0.19 during midday trading on Wednesday, hitting C$38.79. The stock had a trading volume of 1,391,099 shares, compared to its average volume of 2,844,755. First Quantum Minerals has a one year low of C$15.59 and a one year high of C$45.17. The stock has a 50-day moving average of C$35.45 and a 200 day moving average of C$34.46. The company has a market capitalization of C$32.13 billion, a price-to-earnings ratio of -1,293.00, a PEG ratio of -1.28 and a beta of 1.50. 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 posted its earnings results on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%. The business had revenue of C$1.95 billion for the quarter. As a group, sell-side analysts forecast 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.