TO · FM.TO
First Quantum Minerals Ltd.
- Sector
- Basic Materials · Copper
- Headquarters
- Toronto, ON M5H 2S8
- Website
- first-quantum.com
Price · as of 2025-12-31
$32.34
Market cap 33.82B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $43.80 | +35.44% |
| Intrinsic Value(DCF) | $17.07 | -47.22% |
| Graham-Dodd Method(GD) | $18.10 | -44.03% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $19.89 | $47.02 | $43.95 | $16.00 | $27.00 |
| 2012 | $19.58 | $50.05 | $8.04 | $37.80 | $113.50 |
| 2013 | $19.45 | $25.41 | $4.05 | $21.30 | $31.60 |
| 2014 | $13.50 | $23.11 | $2.81 | $27.40 | $15.20 |
| 2015 | $7.24 | $18.00 | $2.33 | $13.50 | $21.20 |
| 2016 | $13.39 | $20.26 | $4.43 | $17.60 | $0.00 |
| 2017 | $19.98 | $20.19 | $1.17 | $14.40 | $0.00 |
| 2018 | $13.84 | $18.11 | $3.27 | $23.20 | $24.30 |
| 2019 | $8.84 | $15.58 | $4.09 | $18.00 | $0.00 |
| 2020 | $27.55 | $26.84 | $9.86 | $15.50 | $0.00 |
| 2021 | $37.97 | $37.67 | $102.57 | $28.10 | $81.90 |
| 2022 | $26.83 | $28.67 | $47.24 | $29.80 | $28.60 |
| 2023 | $13.30 | $18.10 | $0.00 | $7.80 | $12.70 |
| 2024 | $17.86 | $27.34 | $1.89 | $18.90 | $0.00 |
| 2025 | $40.18 | $31.32 | $3.52 | $18.10 | $0.00 |
AI valuation
Our deep-learning model estimates First Quantum Minerals Ltd.'s (FM.TO) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $43.80
- Current price
- $32.34
- AI upside
- +35.44%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$17.07
-47.22% upside
Graham-Dodd
$18.10
-44.03% upside
Graham Formula
—
— upside
About First Quantum Minerals Ltd.
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia. It is exploring the Taca Taca copper-gold-molybdenum project in Argentina, as well as the Haquira copper deposit in Peru. The company was formerly known as First Quantum Ventures Ltd. and changed its name to First Quantum Minerals Ltd. in July 1996. First Quantum Minerals Ltd. was incorporated in 1983 and is headquartered in Toronto, Canada.
- CEO
- Anthony Tristan Pascall
- Employees
- 20K
- Beta
- 1.92
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($17.07 ÷ $32.34) − 1 = -47.22% (DCF, example).