TSE:FM
First Quantum Minerals (FM.TO)
Financials 
Technical Analysis 
Jun 28, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
First Quantum Minerals (FM-T) is closely tied to copper prices, which are experiencing a long-term tailwind due to a shortage driven by increased demand in various sectors, particularly data centers. Despite some experts demonstrating caution about the cyclicality of copper and the lengthy process to bring new mines online, the overall sentiment remains positive. The company ranks as a senior copper producer and has seen stock performance improvements, especially with copper hitting all-time highs. However, challenges exist, such as the suspension of a major mine in Panama, creating uncertainties around supply. While some analysts suggest this stock is a good alternative to others in the market, there is no current dividend, indicating a mixed sentiment about its attractiveness as a long-term investment.
(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.