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First Quantum Minerals Ltd. (FM.TO)

CAD38.69 +2.72 (+7.56%)
CA TSX Basic Materials Copper
Address 330 Bay Street M5H 2S8
Toronto, ON, CA
CEO Anthony Tristan Pascall
IPO 2000-06-30
ISIN CA3359341052

Explore sections of this company profile

Also trades on Other OTC · FQVLF (USD) Toronto Stock Exchange · FM.TO (CAD)
Description

First Quantum Minerals Ltd., through its associated companies, specializes in the exploration, development, and extraction of mineral resources. Its core business involves seeking out and mining a range of ores, including copper, nickel, pyrite, gold, silver, and zinc, alongside the manufacture of acid. The company maintains active mining operations across seven countries: Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, and is also advancing a significant development project within Zambia. Beyond its current operations, First Quantum is actively exploring the Taca Taca copper-gold-molybdenum prospect in Argentina and assessing the Haquira copper deposit in Peru. Established in 1983, the company was formerly recognized as First Quantum Ventures Ltd. until it adopted its present name, First Quantum Minerals Ltd., in July 1996. Its corporate headquarters are located in Toronto, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD38.69 +2.72 (+7.56%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
1.98
Float Shares
672.55M
Free Float %
81.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.29% +13.05% +27.60% +3.92% +33.29% +15.33% +108.76% +41.75% +42.90% +382.27% +8,354.18%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (5 ratings, all time) Buy
Price Targets & DCF
Current price
38.69
DCF (Levered) 6.79 -82.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 7 +2
Buy 8 0
Hold 9 0
Sell 0 0
Strong Sell 0 -1
Quality scores
Altman Z-Score
1.73
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Copper: +11.5%
    +9.1% Q1'26: +18.0% (vs Q1'25)
  • EPS growth Copper: +54.7%
    -1,525.0% Q1'26: -700.0% (vs Q1'25)
  • FCF margin FCF growth · Copper: +5.7%
    -10.5% Q1'26: +11.0% (vs Q1'25)
  • EBIT margin Copper: +16.7%
    +20.4% Q1'26: +5.6% (vs Q1'25)
  • ROIC Copper: +7.0%
    +3.8% Q1'26: +1.9% (vs Q1'25)
  • Share dilution Copper: +0.0%
    -0.3% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Copper: 0.66×
    3.31× Q1'26: 5.44× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.94) × ERP
WACC = 81% × Ke + 19% × Kd (10.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 38.69
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
16 Rev. Ana.
8 EPS Ana.
Dec 2027
16 Rev. Ana.
13 EPS Ana.
Dec 2028
13 Rev. Ana.
10 EPS Ana.
Dec 2029
12 Rev. Ana.
4 EPS Ana.
Dec 2030
6 Rev. Ana.
4 EPS Ana.
Revenue
113.52M
est: 118.14M (-3.9%)
518.30M
est: 428.00M (+21.1%)
1.27B
est: 1.21B (+5.2%)
1.54B
est: 1.50B (+2.7%)
1.74B
est: 1.99B (-12.4%)
1.90B
est: 1.84B (+3.4%)
2.38B
est: 2.39B (-0.4%)
2.58B
est: 2.62B (-1.3%)
2.95B
est: 3.07B (-4.0%)
3.55B
est: 3.70B (-4.0%)
3.54B
est: 3.66B (-3.3%)
2.51B
est: 3.74B (-32.8%)
2.67B
est: 3.61B (-25.9%)
3.31B
est: 4.11B (-19.4%)
3.97B
est: 5.34B (-25.7%)
4.07B
est: 5.28B (-22.9%)
5.07B
est: 6.48B (-21.8%)
7.21B
est: 9.30B (-22.4%)
7.63B
est: 10.26B (-25.7%)
6.46B
est: 4.03B (+60.1%)
4.80B
est: 4.73B (+1.5%)
5.24B
est: 5.14B (+2.0%)
6.39B
5.93B – 6.82B
+24.4% YoY
9.15B
7.40B – 11.25B
+43.1% YoY
10.88B
9.33B – 12.65B
+19.0% YoY
10.31B
8.85B – 11.99B
-5.2% YoY
10.28B
8.82B – 11.95B
-0.3% YoY
EBITDA
59.75M
est: 48.12M (+24.2%)
292.71M
est: 180.78M (+61.9%)
767.80M
est: 706.33M (+8.7%)
944.60M
est: 785.53M (+20.2%)
536.10M
est: 1.06B (-49.5%)
969.90M
est: 356.63M (+172.0%)
1.13B
est: 1.07B (+5.2%)
1.23B
est: 1.04B (+18.5%)
1.15B
est: 1.29B (-10.8%)
1.49B
est: 2.83B (-47.3%)
1.42B
est: 1.29B (+10.2%)
724.00M
est: 971.96M (-25.5%)
925.00M
est: 558.60M (+65.6%)
1.13B
est: 799.32M (+41.4%)
1.72B
est: 1.01B (+70.4%)
1.61B
est: 1.68B (-3.7%)
2.16B
est: 815.15M (+165.5%)
3.55B
est: 937.68M (+278.5%)
3.28B
est: 942.61M (+248.2%)
2.26B
est: 1.57B (+43.3%)
1.62B
est: 1.85B (-12.4%)
1.79B
est: 2.00B (-10.9%)
2.49B
2.31B – 2.66B
+24.4% YoY
3.57B
2.89B – 4.39B
+43.1% YoY
4.24B
3.64B – 4.94B
+19.0% YoY
4.02B
3.45B – 4.68B
-5.2% YoY
4.01B
3.44B – 4.66B
-0.3% YoY
EBIT
48.88M
est: 27.33M (+78.8%)
256.16M
est: 135.14M (+89.6%)
711.70M
est: 657.62M (+8.2%)
863.40M
est: 797.98M (+8.2%)
422.80M
est: 1.13B (-62.6%)
808.20M
est: 343.11M (+135.5%)
1.01B
est: 969.98M (+4.2%)
1.12B
est: -19.74M (+5,782.4%)
973.80M
est: 1.32B (-26.0%)
1.00B
est: 2.70B (-62.9%)
815.00M
est: 890.19M (-8.4%)
154.00M
est: 633.17M (-75.7%)
261.00M
est: -75.67M (+444.9%)
219.00M
est: 340.13M (-35.6%)
859.00M
est: 117.61M (+630.4%)
571.00M
est: 856.43M (-33.3%)
954.00M
est: 533.53M (+78.8%)
2.40B
est: 613.73M (+290.6%)
2.04B
est: 616.96M (+230.3%)
1.10B
est: 945.72M (+15.8%)
958.00M
est: 1.11B (-14.0%)
1.07B
est: 1.20B (-11.4%)
1.50B
1.39B – 1.60B
+24.4% YoY
2.14B
1.73B – 2.64B
+43.1% YoY
2.55B
2.19B – 2.97B
+19.0% YoY
2.42B
2.07B – 2.81B
-5.2% YoY
2.41B
2.07B – 2.80B
-0.3% YoY
Net Income
28.01M
est: 65.89M (-57.5%)
178.14M
est: 101.44M (+75.6%)
463.34M
est: 459.46M (+0.8%)
520.30M
est: 510.79M (+1.9%)
45.90M
est: 704.47M (-93.5%)
463.40M
est: 40.28M (+1,050.5%)
-123.40M
est: 601.08M (-120.5%)
528.90M
est: -135.30M (+490.9%)
1.77B
est: 621.08M (+185.5%)
458.60M
est: 2.19B (-79.1%)
835.00M
est: 456.24M (+83.0%)
-496.00M
est: 628.65M (-178.9%)
-45.00M
est: -493.88M (+90.9%)
-316.00M
est: -54.66M (-478.1%)
441.00M
est: -375.40M (+217.5%)
-57.00M
est: 466.85M (-112.2%)
-180.00M
est: -67.73M (-165.8%)
832.00M
est: -77.91M (+1,167.9%)
1.03B
est: -78.32M (+1,420.2%)
-954.00M
est: -970.59M (+1.7%)
2.00M
est: -43.59M (+104.6%)
-28.00M
est: 40.97M (-168.4%)
266.53M
125.15M – 453.51M
+550.6% YoY
1.24B
860.37M – 2.78B
+363.5% YoY
1.69B
1.07B – 4.59B
+37.1% YoY
1.86B
1.52B – 2.25B
+9.9% YoY
1.77B
1.45B – 2.15B
-4.7% YoY
SGA
6.17M
est: 2.96M (+108.4%)
est: 22.46M (-100.0%)
est: 29.17M (-100.0%)
est: 23.67M (-100.0%)
est: 37.91M (-100.0%)
25.30M
est: 27.55M (-8.2%)
44.60M
est: 32.82M (+35.9%)
73.80M
est: 48.90M (+50.9%)
125.70M
est: 86.66M (+45.0%)
174.30M
est: 93.91M (+85.6%)
176.00M
est: 122.07M (+44.2%)
113.00M
est: 87.33M (+29.4%)
86.00M
est: 82.64M (+4.1%)
92.00M
est: 85.03M (+8.2%)
100.00M
est: 87.91M (+13.8%)
101.00M
est: 78.34M (+28.9%)
114.00M
est: 97.44M (+17.0%)
138.00M
est: 112.08M (+23.1%)
162.00M
est: 112.67M (+43.8%)
172.00M
est: 108.52M (+58.5%)
172.00M
est: 136.13M (+26.4%)
166.00M
est: 138.20M (+20.1%)
171.92M
159.49M – 183.46M
+24.4% YoY
246.08M
199.03M – 302.75M
+43.1% YoY
292.74M
251.17M – 340.38M
+19.0% YoY
277.46M
238.06M – 322.62M
-5.2% YoY
276.49M
237.23M – 321.49M
-0.3% YoY
EPS
-0.11
est: 0.08 (-239.3%)
0.50
est: 0.39 (+27.5%)
1.23
est: 1.26 (-2.4%)
1.54
est: 1.41 (+8.9%)
0.13
est: 1.22 (-89.4%)
1.23
est: 1.10 (+11.8%)
-0.31
est: 1.60 (-119.4%)
1.18
est: 1.36 (-13.1%)
3.74
est: 1.14 (+227.0%)
0.82
est: 0.93 (-12.0%)
1.40
est: 0.78 (+79.1%)
-0.77
est: 0.12 (-750.8%)
-0.07
est: 0.28 (-123.2%)
-0.46
est: -0.11 (-318.9%)
0.64
est: 0.70 (-8.2%)
-0.07
est: 0.25 (-129.8%)
-0.33
est: -0.07 (-362.1%)
1.21
est: 1.24 (-2.3%)
1.50
est: 1.53 (-2.1%)
-1.38
est: -1.31 (-5.4%)
0.00
est: -0.05 (+104.6%)
-0.03
est: 0.05 (-170.4%)
0.34
0.15 – 0.54
+595.4% YoY
1.96
1.03 – 3.34
+481.3% YoY
2.84
1.29 – 5.51
+44.5% YoY
2.24
1.82 – 2.71
-21.2% YoY
2.13
1.74 – 2.58
-4.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-27 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-26 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-25 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-22 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-21 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-20 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-05-19 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-01 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-15 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.56B
OE per share TTM
3.07
Owner's Yield
7.25%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
334.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
53.4K
Shares Outstanding
828.19M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Anthony Tristan Pascall Chief Executive Officer & Director 3M male
Rudi Badenhorst Chief Operating Officer 2M male
Ryan L. MacWilliam Chief Financial Officer 2M male
Gavin Ashley Group Technical Director 799.8K male
Juliet Wall General Manager of Finance female
Bonita To Director of Investor Relations female
Sarah E. H. Comber Corporate Secretary female
Simon MacLean Group Reporting Controller male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits