As of 2025-11-05, the Relative Valuation of First Quantum Minerals Ltd (FM.TO) is 8.82 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 28.48 CAD, the upside of First Quantum Minerals Ltd based on Relative Valuation is -69.0%.
The range of the Relative Valuation is 6.12 - 12.77 CAD.
| Range | Selected | |
| Trailing P/E multiples | 18.0x - 21.4x | 20.2x |
| Forward P/E multiples | 14.1x - 21.4x | 18.1x |
| Fair Price | 6.12 - 12.77 | 8.82 |
| Upside | -78.5% - -55.2% | -69.0% |
| Date | P/E |
| 2025-11-03 | 83.95 |
| 2025-10-31 | 85.84 |
| 2025-10-30 | 86.69 |
| 2025-10-29 | 89.93 |
| 2025-10-28 | 91.76 |
| 2025-10-27 | 89.85 |
| 2025-10-24 | 89.43 |
| 2025-10-23 | 88.11 |
| 2025-10-22 | 87.13 |
| 2025-10-21 | 87.90 |
| 2025-10-20 | 91.41 |
| 2025-10-17 | 91.64 |
| 2025-10-16 | 93.77 |
| 2025-10-15 | 97.19 |
| 2025-10-14 | 94.30 |
| 2025-10-10 | 93.59 |
| 2025-10-09 | 95.89 |
| 2025-10-08 | 96.71 |
| 2025-10-07 | 92.62 |
| 2025-10-06 | 93.03 |
| 2025-10-03 | 95.33 |
| 2025-10-02 | 93.06 |
| 2025-10-01 | 93.65 |
| 2025-09-30 | 92.79 |
| 2025-09-29 | 93.03 |
| 2025-09-26 | 85.84 |
| 2025-09-25 | 84.69 |
| 2025-09-24 | 84.84 |
| 2025-09-23 | 82.03 |
| 2025-09-22 | 81.27 |
| 2025-09-19 | 79.59 |
| 2025-09-18 | 77.50 |
| 2025-09-17 | 77.94 |
| 2025-09-16 | 79.50 |
| 2025-09-15 | 78.82 |
| 2025-09-12 | 77.58 |
| 2025-09-11 | 76.88 |
| 2025-09-10 | 74.67 |
| 2025-09-09 | 74.81 |
| 2025-09-08 | 72.78 |
| 2025-09-05 | 72.45 |
| 2025-09-04 | 71.60 |
| 2025-09-03 | 73.87 |
| 2025-09-02 | 69.86 |
| 2025-08-29 | 70.95 |
| 2025-08-28 | 69.30 |
| 2025-08-27 | 68.80 |
| 2025-08-26 | 70.04 |
| 2025-08-25 | 69.51 |
| 2025-08-22 | 69.18 |