First Quantum Minerals Ltd. (TSE:FM) Receives Average Recommendation of “Moderate Buy” from Brokerages

First Quantum Minerals Ltd. (TSE:FM) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$45.68.

Several equities research analysts recently commented on the stock. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Stifel Nicolaus lifted their target price on shares of 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. Morgan Stanley reduced their price target on shares of First Quantum Minerals from C$46.30 to C$45.20 in a report on Wednesday, July 8th. Raymond James Financial increased their price target on shares of First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research report on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$40.00 to C$50.00 in a research note on Wednesday, June 3rd.

First Quantum Minerals Trading Down 7.2%

Shares of First Quantum Minerals stock opened at C$42.95 on Friday. First Quantum Minerals has a 1 year low of C$25.47 and a 1 year high of C$49.27. The company has a debt-to-equity ratio of 54.66, a quick ratio of 1.41 and a current ratio of 1.90. The company has a market capitalization of C$35.83 billion, a P/E ratio of -477.22, a PEG ratio of -1.28 and a beta of 1.43. The company’s fifty day moving average is C$42.05 and its two-hundred day moving average is C$38.90.

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

Insiders Place Their Bets

In other news, Director Kathleen Applegate Hogenson acquired 1,073 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of C$37.53 per share, for a total transaction of C$40,269.69. Following the acquisition, the director directly owned 62,240 shares in the company, valued at approximately C$2,335,867.20. This represents a 1.75% increase in their position. Also, insider Gavin Ashley sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$46.00, for a total value of C$920,000.00. Following the sale, the insider owned 75,905 shares of the company’s stock, valued at C$3,491,630. This represents a 20.85% decrease in their ownership of the stock. 19.35% of the stock is owned by insiders.

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.