First Quantum Minerals (OTC) (TSE:FM)
OTHER OTC:FM
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FM Stock Chart & Stats
C$39.70
-C$0.28(-1.41%)
At close: 4:00 PM EST
C$39.70
-C$0.28(-1.41%)
Day’s Range― - ―
52-Week RangeC$20.46 - C$46.31
Previous CloseN/A
Volume624.12K
Average Volume (3M)3.77M
Market Cap
C$33.13B
Enterprise ValueC$30.76B
Total Cash (Recent Filing)C$770.00M
Total Debt (Recent Filing)C$6.05B
Price to Earnings (P/E)―
Beta2.59
Next Earnings
Jul 28, 2026EPS Estimate
0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.25
Shares Outstanding834,206,100
10 Day Avg. Volume3,803,423
30 Day Avg. Volume3,771,066
Financial Highlights & Ratios
PEG Ratio0.52
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$46.11Price Target Upside16.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)0.31
Revenue Forecast (FY)C$6.42B
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationStrong operating cash flow (~$2.12B) and free cash flow (> $1.0B) provide durable internal funding to cover sustaining capex, support operations and debt service. Positive FCF despite reported net losses reduces reliance on external financing and underpins long-term project execution and reinvestment.
Operating ProfitabilityHealthy operating and EBITDA margins (TTM ~21% and ~35%) reflect efficient mining and processing at core assets. These margins create a structural cushion against copper price cycles, supporting sustained cash generation per tonne and improving the economics of sustaining and growth capital over multiple cycles.
Improved LeverageLeverage has meaningfully improved (debt-to-equity ~0.53 versus ~0.74–0.79 previously), giving the company more balance-sheet flexibility. For a capital-intensive miner this lower leverage reduces refinancing pressure, supports investment optionality, and strengthens resilience to commodity-induced cash flow swings if current cash generation persists.
Bears Say
Negative Net IncomeNet income remains negative in the TTM and 2025 despite solid operating margins, showing bottom-line inconsistency. Persistent below-the-line losses indicate exposure to non-operating items and commodity volatility, which can erode equity, limit dividends, and delay sustainable earnings recovery.
Weak Cash‑flow-to‑debt CoverageCash‑flow‑to‑debt coverage below 1 (sub‑0.7) signals that, despite strong absolute FCF, leverage remains material versus cash generation. This slows deleveraging and leaves the company more exposed to cyclical downturns or weaker commodity prices, increasing refinancing and liquidity risk over the medium term.
Weak/volatile ReturnsSlightly negative ROE in the TTM and sharply negative ROE in 2023 highlight earnings volatility and weak shareholder returns. This sensitivity to price and non-operating swings can limit access to lower-cost capital, constrain dividend capacity, and make long-term return normalization dependent on sustained cash flow improvement.
First Quantum Minerals News
FM FAQ
What was First Quantum Minerals (OTC)’s price range in the past 12 months?
First Quantum Minerals (OTC) lowest stock price was C$20.46 and its highest was C$46.31 in the past 12 months.
What is First Quantum Minerals (OTC)’s market cap?
First Quantum Minerals (OTC)’s market cap is C$33.13B.
When is First Quantum Minerals (OTC)’s upcoming earnings report date?
First Quantum Minerals (OTC)’s upcoming earnings report date is Jul 28, 2026 which is in 47 days.
How were First Quantum Minerals (OTC)’s earnings last quarter?
First Quantum Minerals (OTC) released its earnings results on Apr 28, 2026. The company reported -C$0.251 earnings per share for the quarter, missing the consensus estimate of C$0.038 by -C$0.289.
Is First Quantum Minerals (OTC) overvalued?
According to Wall Street analysts First Quantum Minerals (OTC)’s price is currently Undervalued.
Does First Quantum Minerals (OTC) pay dividends?
First Quantum Minerals (OTC) pays a Semiannually dividend of C$0.08 which represents an annual dividend yield of N/A. See more information on First Quantum Minerals (OTC) dividends here
What is First Quantum Minerals (OTC)’s EPS estimate?
First Quantum Minerals (OTC)’s EPS estimate is 0.06.
How many shares outstanding does First Quantum Minerals (OTC) have?
First Quantum Minerals (OTC) has 834,206,100 shares outstanding.
What happened to First Quantum Minerals (OTC)’s price movement after its last earnings report?
First Quantum Minerals (OTC) reported an EPS of -C$0.251 in its last earnings report, missing expectations of C$0.038. Following the earnings report the stock price went down -5.337%.
Which hedge fund is a major shareholder of First Quantum Minerals (OTC)?
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
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10
Analyst Consensus
Strong Buy
Average Price Target:
C$46.11 (16.14% Upside)
C$46.11 (16.14% Upside)
Blogger Sentiment
Bullish
TSE:FM Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth C$3.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.1%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
84.72%
12-Months-Change
Fundamentals
Return on Equity
-1.78%
Trailing 12-Months
Asset Growth
3.45%
Trailing 12-Months
Company Description
First Quantum Minerals (OTC)
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
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented meaningful operational and financial progress — notably the Kansanshi S3 commercial production, record nickel performance, full‑year production meeting guidance, strengthened liquidity and financing moves, and positive credit outlook — which materially improve the company’s growth and financing optionality. However, the quarter also highlighted cost pressures (C1 up 13%), operational interruptions at Sentinel (Q4 copper down 4% QoQ) driven by Ball mill fatigue and weather, significant ongoing care & maintenance costs at Cobre Panama (~$15–17M/month) with further potential restart cash needs (~$250M peak for stockpile processing and $300–$500M potential broader restart), hedge losses (notably ~$220M expected on copper hedges at current spot) and elevated net debt (net debt $5.2B, ~3.3x EBITDA). On balance, the highlights (project delivery, production achievements, financing/liquidity actions and improved credit outlook) outweigh the lowlights, though material risks remain related to costs, leverage and Panama timing.View all TSE:FM earnings summariesFM Stock 12 Month Forecast
Average Price Target
C$46.11
▲(16.14% Upside)
Technical Analysis
Options Prices
Currently, No data available
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