First Quantum Minerals (TSE:FM) Raised to Hold at Stifel Canada

Stifel Canada upgraded shares of First Quantum Minerals (TSE:FM) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.66 EPS, FY2026 earnings at $0.40 EPS, FY2027 earnings at $0.77 EPS and FY2028 earnings at $2.26 EPS.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Scotiabank decreased their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “sector perform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. TD Securities lifted their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$21.57.

First Quantum Minerals Trading Up 0.2 %

Shares of First Quantum Minerals stock opened at C$22.23 on Wednesday. First Quantum Minerals has a 1 year low of C$13.30 and a 1 year high of C$23.24. The firm has a market cap of C$12.62 billion, a PE ratio of -8.22, a P/E/G ratio of -1.28 and a beta of 1.73. The stock has a fifty day moving average price of C$19.01 and a 200-day moving average price of C$18.50. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter last year, the firm posted ($0.37) earnings per share. Equities research analysts anticipate that First Quantum Minerals will post 0.55872 EPS for the current year.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

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.