First Quantum Minerals (TSE:FM) Given New C$48.00 Price Target at BMO Capital Markets

First Quantum Minerals (TSE:FM) had its price objective upped by equities research analysts at BMO Capital Markets from C$40.00 to C$48.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 26.22% from the company’s current price.

Several other equities research analysts have also issued reports on FM. Scotiabank raised First Quantum Minerals from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$44.00 to C$45.00 in a research note on Thursday, February 12th. Morgan Stanley dropped their price objective on First Quantum Minerals from C$40.00 to C$37.70 in a research note on Thursday, April 9th. UBS Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$38.00 to C$50.00 in a research note on Thursday, March 12th. 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. Finally, Desjardins increased their target price on First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and an average target price of C$41.77.

First Quantum Minerals Price Performance

Shares of FM stock traded up C$1.20 on Wednesday, reaching C$38.03. The company’s stock had a trading volume of 1,200,689 shares, compared to its average volume of 2,827,037. 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 has a 12-month low of C$17.18 and a 12-month high of C$45.17. The company has a market capitalization of C$31.50 billion, a P/E ratio of -1,267.67, a PEG ratio of -1.28 and a beta of 1.50. The stock’s 50 day simple moving average is C$35.57 and its 200-day simple moving average is C$34.70.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$1.95 billion during the quarter. First Quantum Minerals had a negative return on equity of 0.24% and a negative net margin of 0.52%. As a group, equities analysts predict that First Quantum Minerals will post 0.55872 earnings per share for the current fiscal year.

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.