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First Quantum Minerals (FM) Stock Forecast & Price Target

First Quantum Minerals logo
C$18.26
+0.05 (+0.27%)
(As of 05:19 PM ET)
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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

Based on 18 Wall Street analysts who have issued ratings for First Quantum Minerals in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 11 have given a hold rating, and 7 have given a buy rating for FM.

Consensus Price Target

C$20.83
14.05% Upside
According to the 18 analysts' twelve-month price targets for First Quantum Minerals, the average price target is C$20.83. The highest price target for FM is C$26.00, while the lowest price target for FM is C$16.00. The average price target represents a forecasted upside of 14.05% from the current price of C$18.26.
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FM Analyst Ratings Over Time

TypeCurrent Forecast
11/5/23 to 11/4/24		1 Month Ago
10/6/23 to 10/5/24		3 Months Ago
8/7/23 to 8/6/24		1 Year Ago
11/5/22 to 11/5/23
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)
3 Buy rating(s)
Hold
11 Hold rating(s)
11 Hold rating(s)
11 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$20.83C$20.12C$19.99C$29.91
Forecasted Upside14.05% Upside8.50% Upside33.89% Upside71.32% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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First Quantum Minerals Stock vs. The Competition

TypeFirst Quantum MineralsBasic Materials Companies
Consensus Rating Score
2.39
2.74
Consensus RatingHoldModerate Buy
News Sentiment Rating
Positive News

See Recent FM News
Neutral News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/24/2024National Bankshares
1 of 5 stars		 Boost TargetOutperformC$21.00 ➝ C$22.50+21.75%
10/24/2024Royal Bank of Canada
4 of 5 stars		 Boost TargetOutperformC$22.00 ➝ C$23.00+24.46%
10/23/2024CIBC
3 of 5 stars		 Boost TargetC$18.00 ➝ C$20.00+6.55%
10/16/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual WeightC$18.00 ➝ C$17.00-5.56%
10/10/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$18.00 ➝ C$20.00+11.23%
10/8/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector PerformC$17.00 ➝ C$18.50+3.70%
9/19/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$19.40 ➝ C$20.20+13.36%
7/25/2024Cormark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuyC$25.00 ➝ C$23.50+40.13%
7/22/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$22.00 ➝ C$25.00+49.08%
7/11/2024Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$17.00 ➝ C$22.00+17.84%
7/8/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$19.50 ➝ C$23.00+26.79%
6/26/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ BuyC$19.00 ➝ C$26.00+33.61%
6/20/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ BuyC$14.00 ➝ C$26.00+52.22%
5/30/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$15.00 ➝ C$18.00+0.56%
5/23/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$19.00 ➝ C$21.00+17.25%
5/21/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Przybylowski
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeOutperform ➝ Market PerformC$17.00 ➝ C$19.00-5.80%
4/25/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$17.00 ➝ C$18.00+10.57%
4/9/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$16.00 ➝ C$17.00+5.20%
2/29/2024National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		S. Nagle
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeSec Perform Spec Market Wgt ➝ Outperform Spec Market Weight
1/16/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Set TargetNeutralC$16.00+20.57%
12/8/2022Morgan Joseph
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$19.00 ➝ C$22.00-32.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 06:20 PM 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$20.83, 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 year. 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 14.05% based on their 12-month stock forecasts.

First Quantum Minerals has been rated by research analysts at Barclays, CIBC, JPMorgan Chase & Co., Morgan Stanley, National Bankshares, 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.

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This page (TSE:FM) was last updated on 11/4/2024 by MarketBeat.com Staff
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