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

Stifel Canada upgraded shares of First Quantum Minerals (TSE:FM - Free Report) to a hold rating in a research report sent to investors on Wednesday,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 brokerages have also commented on FM. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Canaccord Genuity Group cut shares of First Quantum Minerals from a "buy" rating to a "hold" rating and reduced their price target for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Scotiabank decreased their price objective on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Morgan Stanley raised their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Barclays decreased their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$21.57.

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First Quantum Minerals Trading Up 2.7 %

Shares of FM stock traded up C$0.61 during mid-day trading on Wednesday, hitting C$22.84. 3,246,477 shares of the company's stock were exchanged, compared to its average volume of 2,381,830. The stock has a market cap of C$12.96 billion, a price-to-earnings ratio of -8.44, a PEG ratio of -1.28 and a beta of 1.73. The stock has a 50-day simple moving average of C$19.08 and a two-hundred day simple moving average of C$18.54. First Quantum Minerals has a fifty-two week low of C$13.30 and a fifty-two week high of C$23.24. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating analysts' consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter in the prior year, the company posted ($0.37) earnings per share. Equities analysts expect that First Quantum Minerals will post 0.55872 EPS for the current fiscal year.

Insider Activity

In other First Quantum Minerals news, Director Simon John Scott bought 1,397 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Company 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.