Risk factor
High price volatility
Profitability factor
Favourable analyst view
About
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.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. Specifically, the stock is 'expensive' on P/E, overvalued
Target Price
The average target price of FM.TO is 49.5 and suggests 48.1% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc