First Quantum Minerals (FM) Stock Overview
Engages in the exploration, development, and production of mineral properties. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
FM Community Fair Values
Create NarrativeSee what 42 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
First Quantum Minerals Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$43.96 |
| 52 Week High | CA$49.27 |
| 52 Week Low | CA$26.08 |
| Beta | 2.03 |
| 1 Month Change | 1.15% |
| 3 Month Change | 2.21% |
| 1 Year Change | 67.21% |
| 3 Year Change | 34.48% |
| 5 Year Change | 92.05% |
| Change since IPO | 7,226.68% |
Recent News & Updates
FM: Cobre Panama Restart And Taca Taca Partnership Talks Will Drive Future Re Rating
The analyst price target for First Quantum Minerals has been adjusted slightly lower, with a modest fair value change that is consistent with recent Street revisions. These reflect mixed price target moves around CA$41 to CA$55, updated revenue growth and profit margin assumptions, and a higher future P/E estimate.
FM: Restart Progress And Copper Exposure Will Drive Future Upside Potential
First Quantum Minerals' updated fair value estimate has increased to CA$48.56 from CA$47.06, as analysts adjust price targets within a mixed range of CA$41 to CA$55 and factor in revised margin expectations along with higher assumed future P/E levels. Analyst Commentary Recent Street research on First Quantum Minerals shows a wide range of opinions, with price targets clustered between about CA$33 and CA$55 and ratings that span from Neutral to Buy and Overweight.FM: Cobre Panama Progress Is Expected To Drive Future Re Rating
Analyst price targets for First Quantum Minerals have moved higher to CA$55 from CA$46, with the shift supported by expectations of improved financial conditions, potential progress around Cobre Panama and a stronger copper backdrop highlighted across recent research updates. Analyst Commentary Recent research updates on First Quantum Minerals show a cluster of bullish analysts lifting price targets into the mid C$40s and low to mid C$50s, with several upgrades to more positive ratings.
FM: Fair Value View Balances Cobre Panama Clarity And Margin Resilience
Analysts have lifted the fair value estimate for First Quantum Minerals to CA$40.73, reflecting a higher assumed future P/E of 20.0x and slightly stronger profit margins. Recent Street price targets, ranging roughly from CA$41 to CA$55, highlight differing views on the potential impact of Cobre Panama and updated risk assumptions.Recent updates
FM: Cobre Panama Restart And Taca Taca Partnership Talks Will Drive Future Re Rating
The analyst price target for First Quantum Minerals has been adjusted slightly lower, with a modest fair value change that is consistent with recent Street revisions. These reflect mixed price target moves around CA$41 to CA$55, updated revenue growth and profit margin assumptions, and a higher future P/E estimate.FM: Restart Progress And Copper Exposure Will Drive Future Upside Potential
First Quantum Minerals' updated fair value estimate has increased to CA$48.56 from CA$47.06, as analysts adjust price targets within a mixed range of CA$41 to CA$55 and factor in revised margin expectations along with higher assumed future P/E levels. Analyst Commentary Recent Street research on First Quantum Minerals shows a wide range of opinions, with price targets clustered between about CA$33 and CA$55 and ratings that span from Neutral to Buy and Overweight.FM: Cobre Panama Progress Is Expected To Drive Future Re Rating
Analyst price targets for First Quantum Minerals have moved higher to CA$55 from CA$46, with the shift supported by expectations of improved financial conditions, potential progress around Cobre Panama and a stronger copper backdrop highlighted across recent research updates. Analyst Commentary Recent research updates on First Quantum Minerals show a cluster of bullish analysts lifting price targets into the mid C$40s and low to mid C$50s, with several upgrades to more positive ratings.FM: Fair Value View Balances Cobre Panama Clarity And Margin Resilience
Analysts have lifted the fair value estimate for First Quantum Minerals to CA$40.73, reflecting a higher assumed future P/E of 20.0x and slightly stronger profit margins. Recent Street price targets, ranging roughly from CA$41 to CA$55, highlight differing views on the potential impact of Cobre Panama and updated risk assumptions.FM: Cobre Panama Restart Progress Will Drive Future Upside Potential
The updated analyst price target for First Quantum Minerals has increased from CA$34.96 to CA$47.06. Analysts attribute this change to recent target increases and rating upgrades that reflect potential benefits from progress around Cobre Panama and a reassessment of the overall risk/reward profile.Cobre Panamá Uncertainty And Rising Zambian Costs Will Pressure Margins And Future Cash Flows
Catalysts About First Quantum Minerals First Quantum Minerals is a global mining company focused on producing copper, nickel and gold from operations in Zambia, Panama, Turkey, Finland and other jurisdictions. What are the underlying business or industry changes driving this perspective?Shareholder Returns
| FM | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | 2.4% | -7.0% | -1.6% |
| 1Y | 67.2% | 44.6% | 21.9% |
Return vs Industry: FM exceeded the Canadian Metals and Mining industry which returned 44.6% over the past year.
Return vs Market: FM exceeded the Canadian Market which returned 21.9% over the past year.
Price Volatility
| FM volatility | |
|---|---|
| FM Average Weekly Movement | 7.4% |
| Metals and Mining Industry Average Movement | 10.6% |
| Market Average Movement | 9.1% |
| 10% most volatile stocks in CA Market | 16.1% |
| 10% least volatile stocks in CA Market | 3.6% |
Stable Share Price: FM has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: FM's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 15,661 | Anthony Pascall | www.first-quantum.com |
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, gold, nickel, silver, and zinc products. Its flagship project is the 100% owned Kansanshi project located in the northwestern Province of Zambia.
First Quantum Minerals Ltd. Fundamentals Summary
| FM fundamental statistics | |
|---|---|
| Market cap | CA$35.01b |
| Earnings (TTM) | -CA$116.14m |
| Revenue (TTM) | CA$8.04b |
Is FM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FM income statement (TTM) | |
|---|---|
| Revenue | US$5.75b |
| Cost of Revenue | US$4.40b |
| Gross Profit | US$1.35b |
| Other Expenses | US$1.43b |
| Earnings | -US$83.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.10 |
| Gross Margin | 23.51% |
| Net Profit Margin | -1.44% |
| Debt/Equity Ratio | 65.9% |
How did FM perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 21:56 |
| End of Day Share Price | 2026/09/17 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First Quantum Minerals Ltd. is covered by 47 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Clifford Hale-Sanders | ATB Cormark Historical (Cormark Securities) |
| Richard Garchitorena | Barclays |