Research Analysts’ Recent Ratings Updates for First Quantum Minerals (FM)

Several analysts have recently updated their ratings and price targets for First Quantum Minerals (TSE: FM):

• 11/12/2024 – First Quantum Minerals was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating.
• 11/8/2024 – First Quantum Minerals had its price target lowered by analysts at JPMorgan Chase & Co. from C$20.00 to C$18.00.
• 10/24/2024 – First Quantum Minerals had its price target raised by analysts at National Bankshares, Inc. from C$21.00 to C$22.50. They now have an “outperform” rating on the stock.
• 10/24/2024 – First Quantum Minerals had its price target raised by analysts at Royal Bank of Canada from C$22.00 to C$23.00. They now have an “outperform” rating on the stock.
• 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.

First Quantum Minerals Stock Performance

TSE FM traded up C$0.04 during trading hours on Thursday, hitting C$17.98. The company had a trading volume of 238,762 shares, compared to its average volume of 2,602,074. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The firm has a market cap of C$15.00 billion, a P/E ratio of -6.94, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals Ltd. has a fifty-two week low of C$9.31 and a fifty-two week high of C$20.76. The business has a fifty day simple moving average of C$17.65 and a 200-day simple moving average of C$17.39.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Insiders own 19.35% of the company’s stock.

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.