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

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

• 1/30/2025 – First Quantum Minerals had its price target lowered by analysts at JPMorgan Chase & Co. from C$18.00 to C$17.00.
• 1/30/2025 – First Quantum Minerals had its price target lowered by analysts at Barclays PLC from C$25.00 to C$23.40.
• 1/20/2025 – First Quantum Minerals had its price target lowered by analysts at JPMorgan Chase & Co. from C$18.00 to C$17.00.
• 1/16/2025 – First Quantum Minerals had its price target lowered by analysts at Scotiabank from C$22.00 to C$21.50. They now have a “sector perform” rating on the stock.
• 1/16/2025 – First Quantum Minerals was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a C$20.00 price target on the stock, down previously from C$24.00.
• 1/8/2025 – First Quantum Minerals had its price target raised by analysts at Royal Bank of Canada from C$23.00 to C$24.00.
• 1/6/2025 – First Quantum Minerals had its price target lowered by analysts at Jefferies Financial Group Inc. from C$23.00 to C$22.00.
• 12/12/2024 – First Quantum Minerals had its price target raised by analysts at Scotiabank from C$18.50 to C$23.00. They now have a “sector perform” rating on the stock.
• 12/12/2024 – First Quantum Minerals had its price target raised by analysts at Morgan Stanley from C$20.20 to C$22.00. They now have an “equal weight” rating on the stock.

First Quantum Minerals Trading Up 6.8 %

First Quantum Minerals stock opened at C$18.88 on Wednesday. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals Ltd. has a fifty-two week low of C$10.91 and a fifty-two week high of C$21.45. The stock has a market cap of C$15.75 billion, a P/E ratio of -7.29, a PEG ratio of -1.28 and a beta of 1.73. The firm’s fifty day moving average price is C$19.08 and its 200-day moving average price is C$17.98.

Insiders Place Their Bets

In related news, Director Simon John Scott acquired 1,397 shares of the stock in a transaction on Tuesday, December 31st. The stock was purchased at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Corporate 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.