Equities Analysts Issue Forecasts for TSE:FM Q3 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Stifel Canada issued their Q3 2024 EPS estimates for First Quantum Minerals in a research note issued to investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill forecasts that the company will post earnings per share of $0.01 for the quarter. 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 $0.39 EPS.

Several other brokerages have also recently issued reports on FM. Jefferies Financial Group upped their target price on shares of First Quantum Minerals from C$19.50 to C$23.00 in a report on Monday, July 8th. Eight Capital raised their target price on shares of First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Canaccord Genuity Group increased their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Finally, National Bankshares cut their price target on shares of First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$20.59.

First Quantum Minerals Trading Up 4.8 %

Shares of First Quantum Minerals stock opened at C$18.30 on Thursday. The company has a fifty day simple moving average of C$16.89 and a 200-day simple moving average of C$17.02. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$31.32. 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 cap of C$15.26 billion, a price-to-earnings ratio of -7.07, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported C($0.03) EPS for the quarter, beating analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 14.87%. The company had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total transaction of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. Corporate 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.