(FM) First Quantum Minerals - Ratings and Ratios

First Quantum Minerals Ltd. is a Canadian mining company with a primary focus on the exploration, development, and production of copper and other precious metals, including nickel, gold, silver, and zinc. The companys flagship project is the Kansanshi mine in Zambia, which is 100% owned and operated by First Quantum. With a history dating back to its incorporation as First Quantum Ventures Ltd., the company changed its name to First Quantum Minerals Ltd. in 1996 and is headquartered in Vancouver, Canada. The companys diversified portfolio and operational capabilities position it for growth in the global mining industry.

From a technical analysis perspective, First Quantum Minerals Ltd.s stock (TO:FM) is currently trading at $21.42, with a bullish trend indicated by its position above the 20-day Simple Moving Average (SMA) of $20.27 and the 50-day SMA of $18.92. The stocks Relative Strength Index (RSI) is not provided, but the current price is near the 52-week high of $23.12, suggesting a strong upward momentum. The Average True Range (ATR) of 0.71, equivalent to 3.32%, indicates moderate volatility.

Fundamentally, First Quantum Minerals Ltd. has a market capitalization of $16.959 billion CAD, with a price-to-earnings (P/E) ratio of 81.32 and a forward P/E of 37.74. The companys Return on Equity (RoE) stands at 1.22%, indicating a relatively low return on shareholders equity. Despite this, the companys diversified asset portfolio, including its flagship Kansanshi project, positions it for potential long-term growth.

Based on the available technical and fundamental data, a forecast for First Quantum Minerals Ltd. can be constructed. Given the bullish trend indicated by the stocks technicals and the companys strong asset portfolio, a potential price target could be $25.00 in the next 6-12 months, representing a 16.5% increase from the current price. However, this forecast is contingent upon the companys ability to improve its RoE and deliver on its operational and financial guidance. A potential risk to this forecast is a decline in copper prices or operational disruptions at the Kansanshi mine. As such, investors should closely monitor the companys progress and adjust their expectations accordingly.