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First Quantum Minerals Ltd (FM.TO) — chart, structure and Closelooknet read

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Signals for this name

Every Closelooknet reading that exists for FM.TO, from the same nightly bakes the boards use. Research diary readings, not advice.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 61/100 · S&P 500 fund at 75, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-10-06
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 98th percentile of the window, +5.7% over 20 sessions. Factor regime → 2026-10-06
  • Sovereign pressure Index 0.74 · up 0.17 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-10-06
Who it is priced against Copper · Canada · 3 names with week and year-to-date

Peer group

Copper · Canada

Names in the same industry from the Closelooknet universe; scored names rank on their Closelooknet score, the rest on trend state.

Compared against FM.TO on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — First Quantum Minerals Ltd

FM.TO in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
First Quantum Minerals explores for and produces copper, alongside gold, nickel, silver and zinc, through mining and processing operations. Its main project, Kansanshi in Zambia, is wholly owned by the company. It is based in Vancouver, Canada, and operates the mines that yield these metals rather than trading them.
Where it sits in the stack
First Quantum holds no seat in Closelooknet's Rubin or Halo indices. It sits in our Basic Materials sleeve, under the Copper industry heading, among the Canada-listed miners tracked in the same part of the universe.
Who it is priced against
Closelooknet groups it with other Basic Materials names based in Canada, including Barrick Gold, Lundin Mining, Capstone Mining, Dundee Precious Metals, Lundin Gold, G Mining Ventures, China Gold International Resources and Discovery Silver; the wider market comparison is Freeport-McMoRan, another large copper producer.
Why Closelooknet tracks it
First Quantum carries a Closelooknet score built from seven modules, with the momentum module reading strongest and the quality module weakest. It has no seat in Rubin or Halo and has not featured in the diary's editions.
What the diary watches
The diary watches whether the quality module recovers alongside the stronger momentum reading, and whether output from the Kansanshi project keeps supporting the copper exposure behind the score.

First Quantum Minerals Ltd (FM.TO) trades on the TO exchange in Canada, classified under Basic Materials.

The Closelooknet company score reads 41/100 composite (momentum 63, quality 30, valuation 33) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Dividends and capital return no distribution in twelve months

Dividends and capital return

What FM.TO pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Buybacks, FY2025 none reported
  • Share count −0.3% in FY2025 58 m CAD of stock-based compensation in the year

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-10-07

Quick answers

What is First Quantum Minerals Ltd (FM.TO)?

First Quantum Minerals Ltd trades as FM.TO on the TO exchange (Canada) and is classified under Basic Materials in the Closelooknet research universe, as of the registry build of 2026-10-07.

Is FM.TO in a Closelooknet index?

Not currently — First Quantum Minerals Ltd is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-10-07.

What is First Quantum Minerals Ltd's Closelooknet composite score?

41 out of 100, with momentum 63, quality 30 and valuation 33 sub-scores, as of 2026-10-07. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does FM.TO trade against its moving averages?

Pullback inside an uptrend stack: Trades -8.3% vs the 50-day and +2.1% vs the 200-day average, 18.9% below the 52-week high and +47.6% off the 52-week low. Computed from daily closes. As of 2026-10-06 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does First Quantum Minerals Ltd compare with its peers?

Against its peer group (Copper · Canada), First Quantum Minerals Ltd (FM.TO) sits 18.9% below its 52-week high, 8.3% below its 50-day average; Ero Copper Corp (ERO.TO) is 4.8% below, Capstone Mining Corp (CS.TO) is 20.4% below, Lundin Mining Corporation (LUN.TO) is 23.4% below. Put any of them next to FM.TO in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

What does First Quantum Minerals Ltd do?

First Quantum Minerals explores for and produces copper, alongside gold, nickel, silver and zinc, through mining and processing operations. Its main project, Kansanshi in Zambia, is wholly owned by the company. It is based in Vancouver, Canada, and operates the mines that yield these metals rather than trading them. Closelooknet groups it with other Basic Materials names based in Canada, including Barrick Gold, Lundin Mining, Capstone Mining, Dundee Precious Metals, Lundin Gold, G Mining Ventures, China Gold International Resources and Discovery Silver; the wider market comparison is Freeport-McMoRan, another large copper producer.

Where does First Quantum Minerals Ltd sit in the AI build-out?

First Quantum holds no seat in Closelooknet's Rubin or Halo indices. It sits in our Basic Materials sleeve, under the Copper industry heading, among the Canada-listed miners tracked in the same part of the universe. First Quantum carries a Closelooknet score built from seven modules, with the momentum module reading strongest and the quality module weakest. It has no seat in Rubin or Halo and has not featured in the diary's editions.

Does First Quantum Minerals Ltd pay a dividend?

No cash distribution shows in First Quantum Minerals Ltd’s price series over the last three years. The share count fell 0.3% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

What does this page show?

A live price chart with SMA overlays and drawing tools for FM.TO, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

Related in the Closelooknet universe

then Copper, then Basic Materials. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.