First Quantum Minerals (FM) Stock Forecast & Price Target

First Quantum Minerals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 18 Analyst Ratings

Sell
0

Hold
11

Buy
7

Consensus Price Target

C$20.12
N/A

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FM Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	C$20.12	C$19.91	C$19.27	C$35.39
Forecasted Upside	N/A	42.22% Upside	1.51% Upside	16.83% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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FM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

First Quantum Minerals Stock vs. The Competition

Type	First Quantum Minerals	Basic Materials Companies
Consensus Rating Score	2.39	2.73
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News See Recent FM News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/19/2024	Morgan Stanley 3 of 5 stars		Boost Target		C$19.40 ➝ C$20.20	+13.36%
9/10/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform	C$25.00 ➝ C$22.00	+52.25%
8/19/2024	Scotiabank 5 of 5 stars		Lower Target		C$18.50 ➝ C$17.00	+1.67%
8/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.00 ➝ C$18.00	+14.21%
7/25/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$25.00 ➝ C$23.50	+40.13%
7/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$22.00 ➝ C$25.00	+49.08%
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7/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$20.00 ➝ C$16.00	-2.14%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$17.00 ➝ C$22.00	+17.84%
7/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$19.50 ➝ C$23.00	+26.79%
6/26/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$19.00 ➝ C$26.00	+33.61%
6/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$14.00 ➝ C$26.00	+52.22%
6/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$15.00 ➝ C$18.00	+5.39%
5/30/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$15.00 ➝ C$18.00	+0.56%
5/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$19.00 ➝ C$21.00	+17.25%
5/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	C$17.00 ➝ C$19.00	-5.80%
4/25/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$17.00 ➝ C$18.00	+10.57%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.00 ➝ C$17.00	+5.20%
3/1/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	C$15.00 ➝ C$16.50	+27.61%
2/29/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Nagle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sec Perform Spec Market Wgt ➝ Outperform Spec Market Weight
1/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Neutral	C$16.00	+20.57%
12/8/2022	Morgan Joseph Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$19.00 ➝ C$22.00	-32.16%
10/27/2022	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$31.00	+21.62%
10/27/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$31.00	+25.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:57 AM ET.

FM Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for First Quantum Minerals is C$20.12, with a high forecast of C$26.00 and a low forecast of C$16.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Quantum Minerals in the last twelve months. There are currently 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FM, but not buy additional shares or sell existing shares.
: According to analysts, First Quantum Minerals's stock has a predicted upside of ∞ based on their 12-month stock forecasts.
: Over the previous 90 days, First Quantum Minerals's stock had 1 downgrade by analysts.
: First Quantum Minerals has been rated by research analysts at Barclays, Canaccord Genuity Group, Cormark, Eight Capital, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like First Quantum Minerals less than other "basic materials" companies. The consensus rating for First Quantum Minerals is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how FM compares to other companies.