First Quantum Minerals (TSE:FM) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Market Beat
2025.11.02 09:58
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First Quantum Minerals (TSE:FM) shares surpassed their 200-day moving average, trading at C$29.12 with a high of C$29.63. Analysts have raised their price targets, with Citigroup increasing it to C$39.00 and Desjardins to C$26.00. The stock has a market cap of C$24.29 billion and an average rating of "Moderate Buy" from analysts. Despite the positive outlook, it was noted that First Quantum Minerals is not among the top recommendations from leading analysts.

First Quantum Minerals Ltd. (TSE:FM - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.94 and traded as high as C$29.63. First Quantum Minerals shares last traded at C$29.12, with a volume of 3,164,815 shares changing hands.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FM shares. Desjardins boosted their price objective on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. Stifel Canada upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 21st. Citigroup increased their price target on shares of First Quantum Minerals from C$26.00 to C$39.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of First Quantum Minerals from C$27.30 to C$38.00 in a report on Friday, October 10th. Finally, Scotiabank boosted their target price on shares of First Quantum Minerals from C$34.00 to C$35.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$33.80.

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First Quantum Minerals Price Performance

The firm has a 50 day moving average price of C$28.46 and a two-hundred day moving average price of C$23.94. The company has a market cap of C$24.29 billion, a P/E ratio of 116.48, a P/E/G ratio of -1.28 and a beta of 1.58. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals Company Profile

(Get Free Report)

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.

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