First Quantum Minerals Stock Today

FM Stock  CAD 14.69  0.32  2.13%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 12

 
100  
 
Zero
Low
First Quantum is selling at 14.69 as of the 19th of March 2024; that is -2.13 percent decrease since the beginning of the trading day. The stock's open price was 15.01. First Quantum has less than a 12 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for First Quantum Minerals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada. FIRST QUANTUM operates under Copper classification in Canada and is traded on Toronto Stock Exchange. The company has 833.53 M outstanding shares of which 6.98 M shares are currently shorted by private and institutional investors with about 3.57 days to cover all short positions. More on First Quantum Minerals

Moving together with First Stock

  0.7TSL Tree Island SteelPairCorr

Moving against First Stock

  0.66TSLA Tesla Inc CDRPairCorr
  0.54NEXT NextSource MaterialsPairCorr
  0.48MAG MAG Silver Corp Earnings Call This WeekPairCorr
  0.44TI Titan Mining CorpPairCorr

First Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. First Quantum's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Quantum or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, First Quantum's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Quantum's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanPhilip Pascall
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Copper, Basic Materials (View all Sectors)
Excise Tax ActivitiesCoal
First Quantum's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to First Quantum's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand First Quantum's financial leverage. It provides some insight into what part of First Quantum's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on First Quantum's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how First Quantum deploys its capital and how much of that capital is borrowed.
Liquidity
First Quantum cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 967 M in total debt with debt to equity ratio (D/E) of 0.96, which is about average as compared to similar companies. First Quantum Minerals has a current ratio of 1.01, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist First Quantum until it has trouble settling it off, either with new capital or with free cash flow. So, First Quantum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Quantum Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Quantum's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

1.94 Billion
First Quantum Minerals (FM) is traded on Toronto Exchange in Canada and employs 26 people. First Quantum is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 12.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate First Quantum's market, we take the total number of its shares issued and multiply it by First Quantum's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. First Quantum Minerals classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 833.53 M outstanding shares of which 6.98 M shares are currently shorted by private and institutional investors with about 3.57 days to cover all short positions. First Quantum Minerals has accumulated about 1.69 B in cash with 1.85 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.37.
Check First Quantum Probability Of Bankruptcy
Ownership Allocation
First Quantum holds a total of 833.53 Million outstanding shares. 30% of First Quantum Minerals outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check First Ownership Details

First Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of First Quantum jumping above the current price in 90 days from now is about 1.63%. The First Quantum Minerals probability density function shows the probability of First Quantum stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 1.9026. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, First Quantum will likely underperform. Additionally, the company has an alpha of 0.4437, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 14.69HorizonTargetOdds Above 14.69
98.36%90 days
 14.69 
1.63%
Based on a normal probability distribution, the odds of First Quantum to move above the current price in 90 days from now is about 1.63 (This First Quantum Minerals probability density function shows the probability of First Stock to fall within a particular range of prices over 90 days) .

First Quantum Historical Income Statement

First Quantum Minerals Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Quantum Minerals revenue and expense. First Quantum Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, First Quantum's Depreciation And Amortization is very stable compared to the past year. As of the 19th of March 2024, EBIT is likely to grow to about 2.7 B, while Operating Income is likely to drop about 683 M. View More Fundamentals

First Stock Against Markets

Picking the right benchmark for First Quantum stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Quantum stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Quantum is critical whether you are bullish or bearish towards First Quantum Minerals at a given time. Please also check how First Quantum's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Quantum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

First Quantum Corporate Directors

First Quantum corporate directors refer to members of a First Quantum board of directors. The board of directors generally takes responsibility for the First Quantum's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of First Quantum's board members must vote for the resolution. The First Quantum board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Zenon WozniakDirector - ProjectsProfile
Kathleen HogensonIndependent DirectorProfile
Sharon LoungDirector - Investor RelationsProfile
Peter GeorgeLead Independent DirectorProfile

How to buy First Stock?

Before investing in First Quantum, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in First Quantum. To buy First Quantum stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of First Quantum. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase First Quantum stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located First Quantum Minerals stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased First Quantum Minerals stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as First Quantum Minerals, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in First Quantum Minerals?

The danger of trading First Quantum Minerals is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of First Quantum is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than First Quantum. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile First Quantum Minerals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Quantum Minerals. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for First Stock analysis

When running First Quantum's price analysis, check to measure First Quantum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Quantum is operating at the current time. Most of First Quantum's value examination focuses on studying past and present price action to predict the probability of First Quantum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Quantum's price. Additionally, you may evaluate how the addition of First Quantum to your portfolios can decrease your overall portfolio volatility.
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
CEOs Directory
Screen CEOs from public companies around the world
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Please note, there is a significant difference between First Quantum's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Quantum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Quantum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.