TSE:FM
First Quantum Minerals (FM.TO)
Financials 
Technical Analysis 
Jun 7, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
First Quantum Minerals, symbol FM-T, is a prominent player in the copper market, which faces a critical shortage due to increasing demand from sectors like data centers. The company's outlook is influenced by the volatile nature of copper prices, which are heavily tied to global economic conditions. Despite having a significant copper mine that has been inactive for nearly three years, experts acknowledge the potential for First Quantum to capitalize on rising prices, particularly as the metal is essential in various industries. While some analysts consider it an interesting investment, they hesitate to deem it a leading choice in the copper space compared to other options. Overall, First Quantum is recognized for its substantial leverage to copper, making it a noteworthy candidate in the base metal sector, with a price target set at $37.25 by analysts.
(Top Pick Dec 15/11, Up 23.61%) Continues to hold because Copper remains strong. One of the lowest cost producers out there.
Dennis da Silva
Have quite a few operations in Africa as well as Australia. Zambia operations are doing extremely well and is one of the largest copper producers. Australian operation is a nickel project and sees their production doubling in the next little while. Low operating costs of $1.55 per pound so he can see the company doing well. Excellent management team.
Michael GiordanoOne of the best management teams in the material space. Brought on Ravenscourt, a nickel project in Australia and are getting 35,000 tons from that. Thinks it is ultimately going to be a takeover candidate at some point. If you can get it under $20 it is a scream.
John Stephenson(Top Pick Sep 30/11, Up 39.02%) Had a couple of tough quarters but fine now. Long term it is probably trading at a reasonable multiple. Is a high growth company and should be able to grow at 50% over the next 5 years.
Dennis da SilvaDennis da Silva
John Stephenson
James Hodgins'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
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Mid November until May is seasonal strength. It moved above 20 day moving average this past Friday. You have all the ingredients for this to show a nice move. The possible takeover of Inmet could have an impact and you might want to buy that one. A good play right now.