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TSE:FM

First Quantum Minerals (FM.TO)

48.37
+0.40 (0.83%)
as of Aug 27, 2026, 8:00:00 pm Market Open.
118 watching
0
Investor Insights
star iconAug 27, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

First Quantum Minerals (FM-T) is a prominent player in the copper mining sector, exhibiting a significant correlation with copper prices, which are critically influenced by demand from sectors like data centers. Despite an underlying positive trend, the company's stock has faced volatility due to commodity pricing and political risks. Some analysts view the prospect of recovering supply from a major mine that has been shut for nearly three years as a potential positive for the company's future. However, opinions vary, with some experts preferring other options in the copper space amid ongoing cycles of demand and supply. Overall, FQML's performance remains vital in a market where copper is essential across a range of applications, suggesting a complex investment landscape ahead.

consensus icon
Consensus
Mixed
valuation icon
Valuation
Fair Value
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Similar
LUN
SELL ON STRENGTH
Fallen below its 200-day moving average and has come below a down trend line. Difficult to see a descending triangle. Chart shows it has not been able to meet previous highs and is now in a trading range. Could rally up to about $74-$75, which is where you should get out.
COMMENT
Looking at the mining sector, compared to all other sectors, it is one of the weaker ones. If itt got up to $70-$75, consider selling.
DON'T BUY
Held up by political risk of being located in the Congo (DRC). Using free cash flow to diversify out of DRC, which is a longer-term prospect. Selling at a discount to NAV. If copper stabilizes at around $3 stock should rally and you might make 20%-30% on a bounce back. He would look at other things instead.
BUY
Copper is deeply over sold. Likes these stocks. It is possible that it is bottoming out. It is reaching a selling climax according to volume. Today’s volume is very positive for it bottoming out.
COMMENT
Model price is $144 but keep in mind, its assets are in Africa and the latest down spike is one of the African countries is going to take one of their mines away. Very volatile. Great fundamentals. If you are a trader, the bottom is around $53.80 and could have a big bounce up to $75 very easily.
TOP PICK
Copper and nickel. Sees good upside to copper going forward. Top tier in terms of quality of management, execution and low cost structure ($1 a lb.). Only risk is that it is in West Africa. Current dispute is into international arbitration and market is assuming it will get worked out.
BUY
Copper producer with assets are in West Africa (DRC) so you have to accept political risk. Government pulled a project as they were not moving fast enough on developing. Now in arbitration. Rumours that government is seeking another partner. Still one of the lowest cost emerging copper producers globally. Still buying because it is a $100 stock.
DON'T BUY
One of the best investments for exposure to copper but have now acquired Raventhorpe nickel property from BHP Billiton (BHP-N). This has watered down their exposure to copper somewhat but has also helped to alleviate concerns on one of their Congo mines. Very close to his target price.
DON'T BUY
They have issues with the mine permit in the Congo. They think this is a good risk. The company has been able to resolve permits a couple of times in the last two years. It has gone through their target price so they would not be buying it.
COMMENT
Had an exciting and very strong uptrend from about $15-$75. If you own, definitely use a stoploss. 200-day moving average is around $45. The huge gap quite often means there is going to be a pullback towards the 200-day average. Currently starting to drift below the 50 day moving average. There is a major uptrend and that line should be your stoploss.
DON'T BUY
(Market Call Minute.) Very high-quality people but he is nervous about the price of copper. If the base metal prices fall as he expects, this would be a premium play on copper.
COMMENT
The Chinese are stockpiling copper. They will use it because the growth of the emerging middle class in China, India and Thailand will continue. This one is up 300% this year. Very volatile play. Congolese government could pose a risk.
COMMENT
There is some potential for consolidation here. Doesn't see a lot of weakness in it but if you think there is someplace else that is going to do pretty well you might want to consider switching. On the longer-term perspective that should do pretty well.
DON'T BUY
A little cautious on the whole mining sector right now. On this one, you have to believe on where copper prices are headed. There has to be more synchronized global growth in order to see copper prices go up much further. Fully valued.
DON'T BUY
Market doesn’t like these stocks. If the US$ keeps strengthening it is a risky venture trying to figure out where the bottom is. A lot of resource stocks have made a lot of money since 2002 but there's no reason they can't go a lot lower.
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