Scotiabank Has Negative Outlook of TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of First Quantum Minerals in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of ($0.69) per share for the year, down from their prior estimate of ($0.59). Scotiabank currently has a “Sector Perform” rating and a $21.50 target price on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the previous year, the business earned ($0.37) EPS.

Several other research firms have also recently issued reports on FM. TD Securities raised their target price on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Finally, Barclays decreased their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$21.57.

First Quantum Minerals Trading Up 2.7 %

Shares of FM opened at C$22.84 on Monday. The firm has a fifty day simple moving average of C$19.08 and a two-hundred day simple moving average of C$18.54. First Quantum Minerals has a twelve month low of C$13.30 and a twelve month high of C$23.24. The stock has a market capitalization of C$12.96 billion, a P/E ratio of -8.44, a PEG ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

Insider Activity at First Quantum Minerals

In other news, Director Charles Kevin Mcarthur acquired 25,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Also, Director Simon John Scott bought 1,397 shares of the stock in a transaction on Tuesday, December 31st. The stock was purchased at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. 19.35% of the stock is currently owned by 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.