First Quantum Minerals (TSE:FM – Get Free Report) issued its earnings results on Wednesday. The company reported C$0.41 EPS for the quarter, FiscalAI reports. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 0.73%. The firm had revenue of C$2.97 billion during the quarter.
First Quantum Minerals Trading Down 0.5%
Shares of FM stock opened at C$35.89 on Thursday. 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 fifty day simple moving average of C$41.93 and a 200-day simple moving average of C$39.08. First Quantum Minerals has a fifty-two week low of C$27.06 and a fifty-two week high of C$49.27. The stock has a market cap of C$29.94 billion, a P/E ratio of -398.78, a P/E/G ratio of -1.28 and a beta of 1.47.
Analysts Set New Price Targets
FM has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Raymond James Financial raised their price target on First Quantum Minerals from C$45.00 to C$47.00 and gave the stock a “market perform” rating in a research note on Friday, September 4th. Barclays boosted their price objective on First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th. Morgan Stanley decreased their price objective on First Quantum Minerals from C$46.30 to C$45.20 in a report on Wednesday, July 8th. Finally, National Bank Financial set a C$50.00 price target on shares of First Quantum Minerals and gave the company an “outperform” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$46.78.
Read Our Latest Analysis on First Quantum Minerals
Insider Buying and Selling at First Quantum Minerals
In other news, insider Robert Richard Cayton Stone sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the completion of the transaction, the insider directly owned 69,196 shares of the company’s stock, valued at C$3,226,609.48. This trade represents a 22.42% decrease in their position. 19.35% of the stock is currently owned by company insiders.
About First Quantum Minerals
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.
Featured Stories
- Five stocks we like better than First Quantum Minerals
- Why Rising Rates Could Break the Bull Market Before AI Spending Can Save It
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.
