First Quantum Minerals

FM-T

TSE:FM

30.81
2.21 (6.69%)
First Quantum Minerals Ltd. is a Canadian based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues. as of 2016.
More at Wikipedia

Analysis and Opinions about FM-T

Signal
Opinion
Expert
Chart
BUY
BUY
March 11, 2021

Commodities were in a 10-year bear market and only recently reversed. FCX has been the leader, and has just pulled back and is set for another leg up. He also owns HBM. All of these will benefit, as we're in a deficit of copper and will be for quite some time. EVs use more copper than traditional vehicles. Should be core in a portfolio.

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Commodities were in a 10-year bear market and only recently reversed. FCX has been the leader, and has just pulled back and is set for another leg up. He also owns HBM. All of these will benefit, as we're in a deficit of copper and will be for quite some time. EVs use more copper than traditional vehicles. Should be core in a portfolio.

David Burrows
Price
$28.400
Owned
Yes
WEAK BUY
WEAK BUY
February 22, 2021
Copper has been strong in this market. Copper stands out in the commodity landscape. It takes a long time to add supply of copper into the market. This one should benefit, but it is really driven by the commodity. This stock screens very well, but she has more on the iron ore and lumber areas.
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Copper has been strong in this market. Copper stands out in the commodity landscape. It takes a long time to add supply of copper into the market. This one should benefit, but it is really driven by the commodity. This stock screens very well, but she has more on the iron ore and lumber areas.
TOP PICK
TOP PICK
February 5, 2021
A copper play. The price of copper is breaking out and it signals that currency devaluation is happening. Has not bought it yet but is looking to get in. (Analysts’ price target is $26.74)
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A copper play. The price of copper is breaking out and it signals that currency devaluation is happening. Has not bought it yet but is looking to get in. (Analysts’ price target is $26.74)
Jaime Carrasco
Price
$23.800
Owned
Yes
DON'T BUY
DON'T BUY
December 1, 2020
Outlook for copper is wonderful, as it's the metal of electronics. Zambian government is demanding more in taxes. Bought Panama mine at a high price. Political considerations are holding it back.
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Outlook for copper is wonderful, as it's the metal of electronics. Zambian government is demanding more in taxes. Bought Panama mine at a high price. Political considerations are holding it back.
Bruce Murray
Price
$19.045
Owned
Unknown
TOP PICK
TOP PICK
November 8, 2019
A risky stock that’s driven him nuts. He bought it around $10.96. It’s finally breaking out. Copper stocks could do well although his exit price is around $11 which could move up depending on how it performs. (Analysts’ price target is $15.47)
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A risky stock that’s driven him nuts. He bought it around $10.96. It’s finally breaking out. Copper stocks could do well although his exit price is around $11 which could move up depending on how it performs. (Analysts’ price target is $15.47)
WAIT
WAIT
October 3, 2019
November - March is best holding period. Still a ways out. Trend of lower lows and lower highs. Wait for selling exhaustion. We're not there yet.
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November - March is best holding period. Still a ways out. Trend of lower lows and lower highs. Wait for selling exhaustion. We're not there yet.
Jon Vialoux
Price
$9.810
Owned
Unknown
COMMENT
COMMENT
February 1, 2019
Depends on China, and whether that economy goes back up. He owns Hudbay Minerals instead, it's a safer geography and a bit better balance sheet.
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Depends on China, and whether that economy goes back up. He owns Hudbay Minerals instead, it's a safer geography and a bit better balance sheet.
WATCH
WATCH
January 31, 2019
It is similar to TECK.B-T. It is on his watch list. It has 25-30% upside this year. If he wants to get more exposure to emerging markets, this is one he will buy.
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It is similar to TECK.B-T. It is on his watch list. It has 25-30% upside this year. If he wants to get more exposure to emerging markets, this is one he will buy.
Robert Lauzon
Price
$15.210
Owned
Unknown
COMMENT
COMMENT
October 17, 2018

They've put their troubles behind them. Can't predict their near future, but in a year or two there could be a tailwind for commodity prices. They are getting earnings from some of their earnings now which is reducing their debt.

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They've put their troubles behind them. Can't predict their near future, but in a year or two there could be a tailwind for commodity prices. They are getting earnings from some of their earnings now which is reducing their debt.

Chris Stuchberry
Price
$13.580
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 17, 2018

SHORT (A Top Pick Jun 28/17, Down 42%) It's been a wild ride. It has come off more recently. The thesis has not changed on this stock. It has terrible valuation with virtually no return on equity. It missed on the most recent quarter. It is not cheap and a highly volatile stock.

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First Quantum Minerals (FM-T)
September 17, 2018

SHORT (A Top Pick Jun 28/17, Down 42%) It's been a wild ride. It has come off more recently. The thesis has not changed on this stock. It has terrible valuation with virtually no return on equity. It missed on the most recent quarter. It is not cheap and a highly volatile stock.

Jason Mann
Price
$15.280
Owned
Yes
COMMENT
COMMENT
July 25, 2017

An exceptionally volatile stock. It produces copper in dangerous parts of the world. Lots of companies are having problems these days with governments, not getting good enough deals. You have to be really careful. This is going to track the Chinese stock market pretty carefully. The company is well-run. Has a lot of debt. If you are going to invest in stocks like this, make sure it is the appropriate amount in your portfolio and don’t own too much.

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An exceptionally volatile stock. It produces copper in dangerous parts of the world. Lots of companies are having problems these days with governments, not getting good enough deals. You have to be really careful. This is going to track the Chinese stock market pretty carefully. The company is well-run. Has a lot of debt. If you are going to invest in stocks like this, make sure it is the appropriate amount in your portfolio and don’t own too much.

John O'Connell, CFA
Price
$14.000
Owned
Unknown
BUY
BUY
July 18, 2017

First Quantum (FM-T) or Hudbay (HBM-T)? He tries to only focus in areas of the market that are strong technically and fundamentally. Also, he always looks for new groups of leadership to emerge. In the last few weeks, despite the fact that commodities in general have been spotty, the metals group has started to perform better. Globally, things are getting better economically, but in addition, the US$ has really taken a tumble. When that happens, it tends to be good for emerging markets and good for commodity prices. The 3 metal stocks that stand out would be Hudbay, First Quantum, and Lundin (LUN-T). All 3 look very attractive. He would be OK with all 3.

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First Quantum (FM-T) or Hudbay (HBM-T)? He tries to only focus in areas of the market that are strong technically and fundamentally. Also, he always looks for new groups of leadership to emerge. In the last few weeks, despite the fact that commodities in general have been spotty, the metals group has started to perform better. Globally, things are getting better economically, but in addition, the US$ has really taken a tumble. When that happens, it tends to be good for emerging markets and good for commodity prices. The 3 metal stocks that stand out would be Hudbay, First Quantum, and Lundin (LUN-T). All 3 look very attractive. He would be OK with all 3.

David Burrows
Price
$13.420
Owned
Unknown
COMMENT
COMMENT
July 5, 2017

A good Short? The short answer is yes, and the long answer is yes, but he would advise against doing it. To do it, he would put a Long against it such as Lundin Mining (LUN-T) or Hudbay Minerals (HBM-T). They have an awful lot of debt and are very concentrated in Zambia. There are execution risks on a very large mine they are building in Panama. With a lot of debt attached, this is a very tough place to be.

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A good Short? The short answer is yes, and the long answer is yes, but he would advise against doing it. To do it, he would put a Long against it such as Lundin Mining (LUN-T) or Hudbay Minerals (HBM-T). They have an awful lot of debt and are very concentrated in Zambia. There are execution risks on a very large mine they are building in Panama. With a lot of debt attached, this is a very tough place to be.

Daniel Lloyd
Price
$11.460
Owned
No
TOP PICK
TOP PICK
June 28, 2017

*SHORT* This is in line with his concern that the cyclical value may have peaked and may not be recovering in this cycle. Despite having a really good run from July to the election, this has really trended down. Their problem is that they have always had a lot of debt. Expensive on an earnings basis, trading at 43X trailing. A really low ROE. Highly volatile. (Analysts’ price target is $17.63.)

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*SHORT* This is in line with his concern that the cyclical value may have peaked and may not be recovering in this cycle. Despite having a really good run from July to the election, this has really trended down. Their problem is that they have always had a lot of debt. Expensive on an earnings basis, trading at 43X trailing. A really low ROE. Highly volatile. (Analysts’ price target is $17.63.)

Jason Mann
Price
$10.880
Owned
Yes
COMMENT
COMMENT
May 15, 2017

Copper had moved up earlier in the year and kind of went sideways for a while. This is the levered one. It is the jurisdiction that is the problem for anyone that is nervous. However, what you get is the best liquidity and the best leverage. If you really like copper, and can stomach the risks, then this one should move. He prefers Hudbay (HBM-T).

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Copper had moved up earlier in the year and kind of went sideways for a while. This is the levered one. It is the jurisdiction that is the problem for anyone that is nervous. However, what you get is the best liquidity and the best leverage. If you really like copper, and can stomach the risks, then this one should move. He prefers Hudbay (HBM-T).

Showing 1 to 15 of 157 entries

First Quantum Minerals(FM-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for First Quantum Minerals is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Quantum Minerals(FM-T) Frequently Asked Questions

What is First Quantum Minerals stock symbol?

First Quantum Minerals is a Canadian stock, trading under the symbol FM-T on the Toronto Stock Exchange (FM-CT). It is usually referred to as TSX:FM or FM-T

Is First Quantum Minerals a buy or a sell?

In the last year, 3 stock analysts published opinions about FM-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for First Quantum Minerals.

Is First Quantum Minerals a good investment or a top pick?

First Quantum Minerals was recommended as a Top Pick by David Burrows on 2021-03-11. Read the latest stock experts ratings for First Quantum Minerals.

Why is First Quantum Minerals stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is First Quantum Minerals worth watching?

3 stock analysts on Stockchase covered First Quantum Minerals In the last year. It is a trending stock that is worth watching.

What is First Quantum Minerals stock price?

On 2021-05-12, First Quantum Minerals (FM-T) stock closed at a price of $30.81.