First Quantum Minerals (FM) – Investment Analysts’ Weekly Ratings Updates

by · The Cerbat Gem

A number of firms have modified their ratings and price targets on shares of First Quantum Minerals (TSE: FM) recently:

  • 10/23/2024 – First Quantum Minerals had its price target raised by analysts at CIBC from C$18.00 to C$20.00.
  • 10/16/2024 – First Quantum Minerals had its price target lowered by analysts at Barclays PLC from C$18.00 to C$17.00. They now have an “equal weight” rating on the stock.
  • 10/15/2024 – First Quantum Minerals had its price target lowered by analysts at National Bankshares, Inc. from C$22.00 to C$21.00. They now have an “outperform” rating on the stock.
  • 10/10/2024 – First Quantum Minerals had its price target raised by analysts at JPMorgan Chase & Co. from C$18.00 to C$20.00.
  • 10/8/2024 – First Quantum Minerals had its price target raised by analysts at Scotiabank from C$17.00 to C$18.50. They now have a “sector perform” rating on the stock.
  • 9/19/2024 – First Quantum Minerals had its price target raised by analysts at Morgan Stanley from C$19.40 to C$20.20.
  • 9/10/2024 – First Quantum Minerals had its price target lowered by analysts at Royal Bank of Canada from C$25.00 to C$22.00. They now have an “outperform” rating on the stock.

First Quantum Minerals Price Performance

FM stock traded down C$0.12 during mid-day trading on Thursday, hitting C$18.49. The stock had a trading volume of 1,154,718 shares, compared to its average volume of 2,650,419. The firm has a fifty day simple moving average of C$17.07 and a 200 day simple moving average of C$17.11. The firm has a market capitalization of C$15.42 billion, a P/E ratio of -7.14, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. First Quantum Minerals Ltd. has a 52 week low of C$9.31 and a 52 week high of C$30.68.

First Quantum Minerals (TSE:FM – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The firm had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion. As a group, research analysts forecast that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction dated Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. 19.35% of the stock is currently owned by corporate insiders.

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.

Further Reading