Want to see TSE:FM full AI Analyst Report?
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$23.12 - C$49.27
Previous CloseN/A
Volume267.89K
Average Volume (3M)2.91M
Market Cap
C$40.62B
Enterprise ValueC$42.09K
Total Cash (Recent Filing)C$779.00M
Total Debt (Recent Filing)C$6.19B
Price to Earnings (P/E)―
Beta2.69
Next Earnings
Oct 28, 2026EPS Estimate
0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.11
Shares Outstanding834,206,100
10 Day Avg. Volume2,664,530
30 Day Avg. Volume2,914,104
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$48.86Price Target Upside0.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)0.34
Revenue Forecast (FY)C$6.72B
Bulls Say, Bears Say
Bulls Say
Revenue Growth And Operating MarginsRevenue growth and sizable operating margins show the producing asset base is converting sales into operating earnings. This supports resilience and provides a platform for funding mine development, although bottom-line volatility remains.
Liquidity And Balance-sheet CapacityStrong liquidity and improved debt-to-equity provide financial flexibility for sustaining operations and funding development. The undrawn revolver and sizable equity base also improve the company’s ability to manage cyclical metals markets.
Long-life Copper Resource BaseLa Granja adds a very large, long-duration resource to the portfolio, strengthening future growth optionality beyond current mines. Its scale could support a major development pipeline if technical, permitting and economic hurdles are addressed.
Bears Say
Negative Bottom-line ProfitabilityPersistent net losses and negative returns on equity indicate that strong operating margins are not consistently translating into shareholder profits. This weakens earnings quality and may constrain internally funded growth if losses continue.
Sharp Free-cash-flow DeteriorationPositive free cash flow is supportive, but its sharp decline and near-breakeven coverage leave limited cushion for sustaining capital, debt reduction and expansion. Weaker conversion makes the business more dependent on operating improvement or external funding.
Cobre Panama Regulatory And Restart RiskUnresolved regulatory approval and substantial restart spending make Cobre Panama’s contribution uncertain. Delays or changed operating conditions could defer production, increase capital needs and reduce the expected benefit from this strategically important asset.
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$23.12 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$40.62B.
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 62 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$0.18 earnings per share for the quarter, missing the consensus estimate of -C$0.085 by -C$0.096.
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 N/A. 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 0.21.
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$0.18 in its last earnings report, missing expectations of -C$0.085. 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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$48.86 (0.35% Upside)
C$48.86 (0.35% Upside)
Blogger Sentiment
Neutral
TSE:FM Sentiment 50%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth $662.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
56.13%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
3.27%
Trailing 12-Months
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$48.86
▲(0.35% Upside)