Barclays Increases First Quantum Minerals (TSE:FM) Price Target to C$46.00

Posted by Brenda Bartman on Jul 16th, 2026

First Quantum Minerals (TSE:FM – Get Free Report) had its target price boosted by investment analysts at Barclays from C$42.00 to C$46.00 in a research report issued on Thursday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 22.60% from the stock’s previous close.

Several other research firms also recently issued reports on FM. Canaccord Genuity Group decreased their price objective on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets lifted their target price on shares of First Quantum Minerals from C$40.00 to C$48.00 in a report on Wednesday, April 22nd. Morgan Stanley decreased their price target on shares of First Quantum Minerals from C$46.30 to C$45.20 in a research report on Wednesday, July 8th. National Bank Financial increased their price target on First Quantum Minerals from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Scotia decreased their target price on First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$44.79.

View Our Latest Stock Analysis on First Quantum Minerals

First Quantum Minerals Trading Down 2.4%

Shares of First Quantum Minerals stock traded down C$0.91 during trading hours on Thursday, reaching C$37.52. The stock had a trading volume of 945,121 shares, compared to its average volume of 3,071,615. The firm has a 50 day simple moving average of C$39.34 and a two-hundred day simple moving average of C$37.70. The firm has a market capitalization of C$31.07 billion, a price-to-earnings ratio of -156.33, a P/E/G ratio of -1.28 and a beta of 1.43. The company has a current ratio of 1.76, a quick ratio of 1.41 and a debt-to-equity ratio of 54.67. First Quantum Minerals has a 1 year low of C$22.16 and a 1 year high of C$46.36.

First Quantum Minerals (TSE:FM – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported C($0.25) earnings per share (EPS) for the quarter. The firm had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 1.78% and a negative net margin of 3.69%. As a group, equities research analysts anticipate that First Quantum Minerals will post 0.55872 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kathleen Applegate Hogenson purchased 1,073 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$37.53 per share, for a total transaction of C$40,269.69. Following the completion of the purchase, the director owned 62,240 shares in the company, valued at approximately C$2,335,867.20. This represents a 1.75% increase in their ownership of the stock. Also, insider Gavin Ashley sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the completion of the sale, the insider directly owned 75,905 shares in the company, valued at C$3,491,630. This represents a 20.85% decrease in their ownership of the stock. Corporate insiders own 19.35% of the company’s stock.

About First Quantum Minerals

(Get Free Report)

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.