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FM Stock Chart & Stats
C$48.69
-C$0.73(-1.90%)
At close: 4:00 PM EDT
C$48.69
-C$0.73(-1.90%)
Day’s Range― - ―
52-Week RangeC$27.06 - C$49.27
Previous CloseN/A
Volume267.89K
Average Volume (3M)2.55M
Market Cap
C$32.61B
Enterprise ValueC$42.09B
Total Cash (Recent Filing)C$779.00M
Total Debt (Recent Filing)C$6.19B
Price to Earnings (P/E)―
Beta2.48
Next Earnings
Oct 28, 2026EPS Estimate
0.23Next Dividend Ex-DateN/A
Dividend Yield0.63%
Share Statistics
EPS (TTM)-0.11
Shares Outstanding834,206,100
10 Day Avg. Volume3,586,401
30 Day Avg. Volume2,554,760
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)2.00
Price to Sales (P/S)4.26
P/FCF Ratio48.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$49.20Price Target Upside1.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)0.28
Revenue Forecast (FY)C$6.72B
Bulls Say, Bears Say
Bulls Say
Revenue And EBITDA GrowthHigher revenue and EBITDA indicate stronger operating momentum, supported by increased copper prices and sales. If production and realized pricing remain supportive, the improved earnings base can strengthen reinvestment capacity and help sustain performance over the next several quarters.
Large Long-life Copper ResourceThe La Granja resource gives First Quantum a substantial long-duration growth option in copper, a strategically important metal. Its scale could support future mine development and production expansion, while associated silver and gold may add by-product value if technical and commercial plans advance.
Positive Cash Generation And LiquidityPositive operating and free cash flow demonstrate that the asset base is generating funding despite weak reported net income. Combined with substantial liquidity and an undrawn revolver, this provides financial flexibility to maintain operations, fund projects, and manage capital needs through the medium term.
Bears Say
Persistent Bottom-line LossesNegative net income and ROE show that solid operating margins are not consistently translating into shareholder profits. This weakens earnings quality and can constrain internally funded growth, while the decline in gross margin versus earlier years suggests that profitability remains vulnerable to cost and pricing conditions.
Fuel-driven Operating Cost PressureThe sharp increase in diesel costs directly raises the expense of mining, processing and transporting metal. Management's stated risk to C1 guidance indicates that current conditions could compress margins and cash generation, particularly if fuel, currency and gold-price assumptions remain unfavorable.
Cobre Panama Regulatory And Restart UncertaintyCobre Panama's long-term operating framework remains dependent on regulatory decisions, creating uncertainty around production, timing and capital allocation. The potential restart spending is substantial, and delays or changed conditions could defer the mine's contribution while increasing funding requirements and execution risk.
First Quantum Minerals News
FM FAQ
What was First Quantum Minerals Ltd’s price range in the past 12 months?
First Quantum Minerals Ltd lowest stock price was C$27.06 and its highest was C$49.27 in the past 12 months.
What is First Quantum Minerals Ltd’s market cap?
First Quantum Minerals Ltd’s market cap is C$32.61B.
When is First Quantum Minerals Ltd’s upcoming earnings report date?
First Quantum Minerals Ltd’s upcoming earnings report date is Oct 28, 2026 which is in 15 days.
How were First Quantum Minerals Ltd’s earnings last quarter?
First Quantum Minerals Ltd released its earnings results on Jul 28, 2026. The company reported -C$0.185 earnings per share for the quarter, missing the consensus estimate of -C$0.087 by -C$0.098.
Is First Quantum Minerals Ltd overvalued?
According to Wall Street analysts First Quantum Minerals Ltd’s price is currently Undervalued.
Does First Quantum Minerals Ltd pay dividends?
First Quantum Minerals Ltd pays a Semiannually dividend of C$0.08 which represents an annual dividend yield of 0.63%. See more information on First Quantum Minerals Ltd dividends here
What is First Quantum Minerals Ltd’s EPS estimate?
First Quantum Minerals Ltd’s EPS estimate is 0.23.
How many shares outstanding does First Quantum Minerals Ltd have?
First Quantum Minerals Ltd has 834,206,100 shares outstanding.
What happened to First Quantum Minerals Ltd’s price movement after its last earnings report?
First Quantum Minerals Ltd reported an EPS of -C$0.185 in its last earnings report, missing expectations of -C$0.087. Following the earnings report the stock price went up 1.226%.
Which hedge fund is a major shareholder of First Quantum Minerals Ltd?
Currently, no hedge funds are holding shares in TSE:FM
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
First Quantum Minerals Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$49.20 (1.05% Upside)
C$49.20 (1.05% Upside)
Blogger Sentiment
Neutral
TSE:FM Sentiment 50%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth C$932.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
18.41%
12-Months-Change
Fundamentals
Return on Equity
-0.73%
Trailing 12-Months
Asset Growth
3.27%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
First Quantum Minerals Ltd
First Quantum Minerals Ltd., through its associated companies, specializes in the exploration, development, and extraction of mineral resources. Its core business involves seeking out and mining a range of ores, including copper, nickel, pyrite, gold, silver, and zinc, alongside the manufacture of acid. The company maintains active mining operations across seven countries: Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, and is also advancing a significant development project within Zambia. Beyond its current operations, First Quantum is actively exploring the Taca Taca copper-gold-molybdenum prospect in Argentina and assessing the Haquira copper deposit in Peru. Established in 1983, the company was formerly recognized as First Quantum Ventures Ltd. until it adopted its present name, First Quantum Minerals Ltd., in July 1996. Its corporate headquarters are located in Toronto, Canada.
FM Company Deck
FM Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: revenues and EBITDA rose, production increased modestly (total copper +4% QoQ), Cobre Panama achieved an earlier-than-expected recommissioning milestone and the audit was broadly favorable (87.73/100). The company closed value-accretive disposals, maintains ~ $2 billion liquidity, and now has full exposure to spot copper which supports potential strong free cash flow in H2. Offsetting these positives are material hedge losses, elevated fuel-driven cost pressures (with a cited ~$0.25/lb upside risk), regulatory uncertainty and conditional capital requirements at Cobre Panama, and a modest increase in net debt. On balance, the operational progress, strong commodity backdrop and financial discipline outweighed the challenges and near-term risks.View all TSE:FM earnings summariesFM Stock 12 Month Forecast
Average Price Target
C$49.20
▲(1.05% Upside)