First Quantum Minerals (TSE:FM) Reaches New 52-Week High – Here’s What Happened

Posted by George Bondi on Aug 21st, 2026

First Quantum Minerals Ltd. (TSE:FM – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$47.99 and last traded at C$47.50, with a volume of 284773 shares. The stock had previously closed at C$46.01.

Analysts Set New Price Targets

FM has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of First Quantum Minerals from an “underweight” rating to a “neutral” rating and raised their price target for the stock from C$28.00 to C$37.00 in a research report on Friday, April 24th. Barclays raised their target price on shares of First Quantum Minerals from C$42.00 to C$46.00 in a report on Thursday, July 16th. National Bank Financial upped their price target on shares of First Quantum Minerals from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Stifel Nicolaus increased their price target on First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Canaccord Genuity Group reduced their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$44.68.

Check Out Our Latest Stock Analysis on First Quantum Minerals

First Quantum Minerals Stock Up 3.0%

The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 54.66. The business has a 50-day simple moving average of C$40.45 and a 200-day simple moving average of C$37.98. The company has a market cap of C$39.52 billion, a PE ratio of -526.44, a P/E/G ratio of -1.28 and a beta of 1.38.

First Quantum Minerals (TSE:FM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C($0.19) EPS for the quarter. The business had revenue of C$2.16 billion during the quarter. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. Equities research analysts anticipate that First Quantum Minerals Ltd. will post 0.55872 EPS for the current year.

Insiders Place Their Bets

In other news, insider Gavin Ashley sold 20,000 shares of the business’s stock in a transaction dated 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 owned 75,905 shares of the company’s stock, valued at C$3,491,630. The trade was a 20.85% decrease in their ownership of the stock. Also, Director Kathleen Applegate Hogenson purchased 1,073 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of C$37.53 per share, with a total value of C$40,269.69. Following the transaction, the director owned 62,240 shares in the company, valued at approximately C$2,335,867.20. The trade was a 1.75% increase 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.