FY2024 Earnings Estimate for TSE:FM Issued By Stifel Canada

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Stifel Canada lifted their FY2024 earnings per share estimates for First Quantum Minerals in a research report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings per share of ($0.14) for the year, up from their prior estimate of ($0.27). The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.14) EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $1.48 EPS.

A number of other analysts have also weighed in on the stock. Scotiabank upped their price target on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. CIBC upped their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on First Quantum Minerals from C$20.00 to C$18.00 in a research report on Friday, November 8th. National Bankshares boosted their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada raised their target price on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Nine 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, First Quantum Minerals has a consensus rating of “Hold” and an average target price of C$21.05.

First Quantum Minerals Stock Performance

Shares of FM opened at C$17.41 on Wednesday. The firm has a market capitalization of C$14.52 billion, a PE ratio of -6.72, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The firm has a 50-day moving average price of C$18.70 and a 200 day moving average price of C$17.70. First Quantum Minerals has a 52-week low of C$10.34 and a 52-week high of C$21.45.

Insider Activity

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. 19.35% of the stock is owned by company insiders.

First Quantum Minerals Company Profile

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.