FM TOR Week ended 24 Jul 2026

Weekly Investor Report

Name: FM weekly investor report
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

First Quantum Minerals Ltd. · Basic Materials · Copper

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Latest close 38.52 CAD

4.7% latest week

Weekly setup

Constructive, but selective

The weekly trend is active. Price is 2.9% above the Trend Line and sits at 71.1% of its 52-week range. The latest completed week returned 4.7%, after a 3.3% four-week move. The latest factor snapshot indicates quality ranks weakly versus its universe; growth is moderate; valuation is expensive relative to peers. The latest news-sentiment score is 55/100.

Setup score 55 out of 100

Latest Close 38.52 CAD 24 Jul 2026

1W Return 4.7% latest completed week

4W Return 3.3% short-term follow-through

12W Return 19.1% quarterly tape

Trend Breadth 96.2% 50 of 52 weeks active

Volume Ratio 1.1x vs 13-week average

What is working

The trend backdrop is active with a 16-week active streak.
Price is above the Trend Line, keeping the weekly tape constructive.
Price is above Fair Value, showing premium demand versus the model.
Activity pressure is positive on the latest completed week.

What could go wrong

8 reversal markers appear in the recent smart-money tape.

What to watch next

Trend Line remains the key weekly regime level.
Activity pressure is the gauge to monitor for confirmation or fade.
A volume ratio above 1.5x would show stronger participation in the next move.

Price follow-through 4.7% Latest completed week; four-week move 3.3%. Indicator stack 98/45 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. News sentiment 55/100 24 relevant articles in the latest sentiment read.

01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 2.9% above the Trend Line and sits at 71.1% of its 52-week range. The latest completed week returned 4.7%, after a 3.3% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value

Price Trend Line Fair Value

Position in the 52-week range

Close Trend Fair

22.16 CAD 71.1% 45.17 CAD

Range location71.1%Shows where the latest close sits between the 52-week low and high.

Trend distance2.9%Price premium or discount versus the weekly Trend Line.

Fair-value gap59.5%Premium demand or model discount versus Sharemaestro Fair Value.

High-water gap-14.7%Distance from the latest 52-week high.

02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.1x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction

30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul

Up week Down week

Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.6212-week average 0.51

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.

Positive pressure9/12Weeks with constructive activity pressure in the latest 12-week window.

Positive leadership11/12Weeks with positive relative leadership in the latest 12-week window.

Activity pressure0.62Current proprietary activity-pressure read.

Buy signals0Accumulation signal count in the latest 12 weeks.

Reversal markers88 reversal markers

No recent accumulation markers. 8 reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 3.3% over four weeks, 19.1% over 12 weeks, and 62.3% over one year. The current trend has remained active for 16 consecutive weeks.

Performance by holding period

1W4.7%

4W3.3%

12W19.1%

26W-5.6%

52W62.3%

Active trend streak16 weeks

Active weeks in one year50

Trend breadth96.2%

Activity pressure vs relative leadership

Activity pressureRelative leadership

Pressure0.07Latest activity-pressure read.

Pressure change-83.1%Four-week change in activity pressure.

Leadership3.90Latest relative-leadership reading.

RS change15.8%Four-week change in relative leadership.

04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks weakly versus its universe; growth is moderate; valuation is expensive relative to peers.

Open full factor analysis

Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 91% Model confidence 87%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength17/100Blend of value, momentum, and quality. Underlying universe rank 84; rank 1 is best.

Value13/100Relative valuation strength. Underlying universe rank 88; rank 1 is best.

Quality21/100Profitability and accounting quality. Underlying universe rank 80; rank 1 is best.

Momentum82/100Medium-term price momentum. Underlying universe rank 19; rank 1 is best.

Growth69/100Revenue and earnings growth. Underlying universe rank 32; rank 1 is best.

How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework11/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E: -
Price / sales: 6.1x
EV / EBITDA: 21.0x
Free-cash-flow yield: 2.5%

Business quality

Margins and the return generated on invested capital.

Gross margin: 27.8%
Operating margin: 20.9%
Free-cash-flow margin: 18.1%
Return on invested capital: 5.0%

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth: 9.1%
EPS growth: -
Free-cash-flow growth: 159.7%
Piotroski F-score: 4/9

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield: 0.0%
Buyback yield: 0.0%
Shareholder yield: 0.0%
Net debt / EBITDA: 3.0x

05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment55/100

Weighted news tone is neutral across 24 relevant articles.

7 positive · 17 neutral · 0 negative

Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal

06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.

Options expected move-Nearest-chain priced movement where available.

52-week drawdown-14.7%Distance below the 52-week high.

13-week volatility7.9%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

30 Jan 27 Feb 27 Mar 24 Apr 22 May 19 Jun 24 Jul

Weeks higher12 of 2614 weeks finished lower.

Best week+15.5%Week of 29 May.

Worst week-19.4%Week of 6 Mar.

Latest week+4.7%Week of 24 Jul.

Shape of recent returns

Strong gains12

Modest gains0

Flat weeks0

Modest losses6

Sharp losses8

Recent vol7.9%13-week weekly-return volatility.

Base vol6.8%52-week weekly-return volatility.

Up/down split29/23Count of positive and negative weeks in the 52-week window.

Average skew6.0% / -4.9%Average positive week versus average negative week.

07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

SectorCA Basic Materials

4-week rank19 / 100

Group average-2.4%

Trend breadth17.0%

Trend17.0%active weekly trend signals

MD13.0%positive activity pressure

RS31.0%positive relative leadership

Four-week leaders

CGG · TOR38.0%ARG · TOR28.9%MX · TOR15.6%III · TOR15.6%DPM · TOR13.8%

IndustryCA Copper

4-week rank5 / 13

Group average2.4%

Trend breadth30.8%

Trend30.8%active weekly trend signals

MD30.8%positive activity pressure

RS53.8%positive relative leadership

Four-week leaders

ARG · TOR28.9%III · TOR15.6%TKO · TOR8.1%LUN · TOR6.6%FM · TOR3.3%

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape56/100

Trend, activity pressure, participation, and risk combine to a 56/100 tape read.

Indicator analysis69/100

Latest 12-week confirmation: trend 12/12, activity pressure 9/12, relative leadership 11/12.

Activity pressure 0.62; 8 reversal markers Factors30/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 57; Small Cap Core rank 86 SVQF11/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 266.5 of 300 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Sentiment55/100

Weighted news tone is neutral across 24 relevant articles.

First Quantum Minerals (TSX:FM) Posts Strong Quarter Amid Copper Momentum Insiders50/100

No recent insider transaction evidence is stored.

Earnings50/100

No stored earnings event is currently attached to this ticker.

Week	Close	Return	Trend Line	Fair Value	Pressure	Leadership	Volume	Trend
24 Jul 2026	38.52 CAD	4.7%	37.42 CAD	24.15 CAD	0.07	3.90	14.0M	On
17 Jul 2026	36.79 CAD	-6.3%	37.35 CAD	24.14 CAD	0.23	-0.06	12.7M	On
10 Jul 2026	39.26 CAD	-1.4%	37.29 CAD	24.13 CAD	0.43	6.89	13.0M	On
3 Jul 2026	39.80 CAD	6.7%	37.09 CAD	24.10 CAD	0.53	9.05	11.9M	On
26 Jun 2026	37.30 CAD	-13.3%	36.88 CAD	24.05 CAD	0.44	3.37	18.7M	On
19 Jun 2026	43.01 CAD	-0.9%	36.70 CAD	24.01 CAD	0.51	19.61	3.4M	On
12 Jun 2026	43.39 CAD	8.4%	36.22 CAD	23.94 CAD	0.27	21.73	2.2M	On
5 Jun 2026	40.02 CAD	-5.7%	35.76 CAD	23.87 CAD	0.09	14.96	3.3M	On
29 May 2026	42.44 CAD	15.5%	35.41 CAD	23.80 CAD	0.03	21.47	19.8M	On
22 May 2026	36.73 CAD	5.4%	34.97 CAD	23.72 CAD	-0.33	6.94	12.2M	On
15 May 2026	34.84 CAD	-0.5%	34.75 CAD	23.68 CAD	-0.40	3.90	22.9M	On
8 May 2026	35.00 CAD	8.2%	34.63 CAD	23.66 CAD	-0.52	4.19	19.6M	On
1 May 2026	32.34 CAD	-9.8%	34.52 CAD	23.64 CAD	-0.53	-2.70	18.9M	On
24 Apr 2026	35.85 CAD	-9.7%	34.52 CAD	23.66 CAD	-0.65	8.25	13.5M	On

How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.