National Bank Financial Estimates TSE:FM Q3 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at National Bank Financial dropped their Q3 2024 EPS estimates for shares of First Quantum Minerals in a research note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will earn ($0.05) per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2024 earnings at ($0.26) EPS and FY2025 earnings at $0.64 EPS.

A number of other analysts also recently issued reports on FM. Morgan Stanley raised their price target on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Royal Bank of Canada cut their target price on First Quantum Minerals from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Eight Capital lifted their target price on First Quantum Minerals from C$17.00 to C$22.00 in a research note on Thursday, July 11th. Scotiabank lifted their target price on First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research note on Monday, July 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals has an average rating of “Hold” and an average target price of C$20.59.

First Quantum Minerals Stock Up 4.8 %

TSE FM opened at C$18.30 on Thursday. The company has a market capitalization of C$15.26 billion, a P/E ratio of -7.07, a P/E/G ratio of -1.28 and a beta of 1.73. The stock has a 50 day moving average price of C$16.89 and a 200-day moving average price of C$17.02. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$31.32. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35.

First Quantum Minerals (TSE:FM) last posted its earnings results 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. The firm had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. In related news, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. 19.35% of the stock is currently owned by corporate 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.