First Quantum Minerals Ltd. (TSE:FM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

First Quantum Minerals Ltd. (TSE:FM) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three 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 brokerages that have updated their coverage on the stock in the last year is C$46.78.

A number of analysts have recently issued reports on FM shares. Morgan Stanley cut their price objective on First Quantum Minerals from C$46.30 to C$45.20 in a research report on Wednesday, July 8th. TD Securities upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Canadian Imperial Bank of Commerce decreased their target price on First Quantum Minerals from C$44.00 to C$41.00 in a report on Thursday, July 30th. Raymond James Financial increased their price target 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. Finally, National Bank Financial set a C$50.00 price target on First Quantum Minerals and gave the company an “outperform” rating in a research note on Monday, September 21st.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, insider Robert Richard Cayton Stone sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total value of C$932,600.00. Following the transaction, the insider directly owned 69,196 shares in the company, valued at C$3,226,609.48. The trade was a 22.42% decrease in their ownership of the stock. 19.35% of the stock is currently owned by corporate insiders.

First Quantum Minerals Trading Down 5.4%

Shares of TSE:FM opened at C$32.60 on Monday. First Quantum Minerals has a 52-week low of C$27.06 and a 52-week high of C$49.27. The company has a market capitalization of C$27.20 billion, a P/E ratio of 155.24, a price-to-earnings-growth ratio of -1.28 and a beta of 1.47. The company has a 50-day simple moving average of C$41.47 and a 200 day simple moving average of C$39.02. The company has a debt-to-equity ratio of 53.10, a quick ratio of 1.41 and a current ratio of 1.79.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results 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 return on equity of 1.53% and a net margin of 2.65%. Sell-side analysts forecast that First Quantum Minerals will post 0.56 earnings per share 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.