First Quantum Minerals Ltd. Expected to Earn Q2 2022 Earnings of $1.24 Per Share (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM – Get Rating) – Stock analysts at National Bank Financial issued their Q2 2022 earnings estimates for First Quantum Minerals in a research report issued on Wednesday, April 27th. National Bank Financial analyst S. Nagle forecasts that the company will post earnings per share of $1.24 for the quarter. National Bank Financial also issued estimates for First Quantum Minerals’ FY2024 earnings at $5.13 EPS.

First Quantum Minerals (TSE:FM – Get Rating) last posted its earnings results on Tuesday, February 15th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.10). The firm had revenue of C$2.60 billion for the quarter, compared to analysts’ expectations of C$2.54 billion.

A number of other research analysts have also issued reports on FM. TD Securities dropped their price objective on shares of First Quantum Minerals from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group downgraded shares of First Quantum Minerals to a “hold” rating and set a C$42.00 target price for the company. in a research report on Wednesday, March 9th. CIBC increased their target price on shares of First Quantum Minerals from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research report on Thursday, January 20th. Barclays increased their target price on shares of First Quantum Minerals from C$23.00 to C$27.00 and gave the company an “underperform” rating in a research report on Thursday, April 21st. Finally, National Bankshares increased their target price on shares of First Quantum Minerals from C$40.00 to C$48.00 in a research report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$40.19.

Shares of TSE FM opened at C$37.35 on Friday. The company has a 50 day simple moving average of C$39.45 and a 200 day simple moving average of C$33.45. The firm has a market cap of C$25.63 billion and a PE ratio of 24.69. First Quantum Minerals has a 1 year low of C$20.67 and a 1 year high of C$45.38. The company has a debt-to-equity ratio of 80.46, a current ratio of 2.34 and a quick ratio of 1.48.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 6th. Investors of record on Thursday, April 14th will be issued a $0.005 dividend. This represents a yield of 0.01%. The ex-dividend date of this dividend is Wednesday, April 13th. First Quantum Minerals’s dividend payout ratio (DPR) is presently 0.53%.

In other First Quantum Minerals news, Director Philip K.R. Pascall sold 81,582 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of C$36.72, for a total value of C$2,995,691.04. Following the sale, the director now directly owns 5,872,725 shares in the company, valued at approximately C$215,646,462. Also, Senior Officer Hannes Meyer sold 31,765 shares of the stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of C$35.78, for a total transaction of C$1,136,662.88. Following the completion of the sale, the insider now owns 89,463 shares in the company, valued at C$3,201,299.26. Over the last ninety days, insiders sold 292,201 shares of company stock valued at $11,371,329.

About First Quantum Minerals (Get Rating)

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, gold, silver, 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.

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