TSE:FM Q4 EPS Estimate Lifted by National Bank Financial

First Quantum Minerals Ltd. (TSE:FM) – Analysts at National Bank Financial lifted their Q4 2024 earnings per share estimates for First Quantum Minerals in a research report issued to clients and investors on Thursday, January 16th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.12 per share for the quarter, up from their prior estimate of $0.08. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. During the same period in the previous year, the company earned $0.70 EPS.

Several other analysts have also recently issued reports on FM. CIBC increased their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Monday. Morgan Stanley increased their price objective on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Barclays upgraded First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and an average price target of C$21.13.

First Quantum Minerals Stock Down 3.8 %

Shares of TSE FM opened at C$19.15 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00. The stock has a market capitalization of C$15.97 billion, a PE ratio of -7.39, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The stock’s fifty day simple moving average is C$19.10 and its two-hundred day simple moving average is C$17.96. First Quantum Minerals has a 12-month low of C$10.91 and a 12-month high of C$21.45.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of First Quantum Minerals stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, with a total value of C$25,942.29. Company insiders own 19.35% of the company’s stock.

About First Quantum Minerals

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, silver, gold, 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.