National Bank Financial Comments on First Quantum Minerals Ltd.’s Q3 2022 Earnings (TSE:FM)

First Quantum Minerals Ltd. (TSE:FMGet Rating) – Research analysts at National Bank Financial issued their Q3 2022 earnings per share estimates for First Quantum Minerals in a research note issued on Wednesday, April 27th. National Bank Financial analyst S. Nagle anticipates that the company will post earnings per share of $1.42 for the quarter. National Bank Financial also issued estimates for First Quantum Minerals’ Q4 2022 earnings at $1.48 EPS, FY2022 earnings at $5.06 EPS, FY2023 earnings at $4.83 EPS and FY2025 earnings at $3.15 EPS.

FM has been the topic of a number of other reports. Barclays upped their price objective on shares of First Quantum Minerals from C$23.00 to C$27.00 and gave the company an “underperform” rating in a research note on Thursday, April 21st. CIBC upped their price objective on shares of First Quantum Minerals from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday, January 20th. Royal Bank of Canada dropped their target price on shares of First Quantum Minerals from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Securities dropped their target price on shares of First Quantum Minerals from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Finally, Raymond James set a C$50.00 target price on shares of First Quantum Minerals and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$40.24.

TSE:FM opened at C$36.83 on Monday. The firm’s fifty day moving average is C$39.50 and its 200-day moving average is C$33.53. The company has a debt-to-equity ratio of 80.46, a quick ratio of 1.48 and a current ratio of 2.34. First Quantum Minerals has a 52 week low of C$20.67 and a 52 week high of C$45.38. The firm has a market cap of C$25.48 billion and a P/E ratio of 23.95.

First Quantum Minerals (TSE:FMGet Rating) last posted its earnings results on Tuesday, February 15th. The company reported C$0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.65 by C($0.10). The business had revenue of C$2.60 billion for the quarter, compared to analysts’ expectations of C$2.54 billion.

The business 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 dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a yield of 0.01%. First Quantum Minerals’s dividend payout ratio (DPR) is presently 0.52%.

In other news, Director G. Clive Newall sold 2,551 shares of First Quantum Minerals stock in a transaction dated Friday, March 25th. The shares were sold at an average price of C$42.50, for a total value of C$108,417.50. Following the completion of the transaction, the director now owns 2,193,461 shares in the company, valued at C$93,222,092.50. Also, Director Philip K.R. Pascall sold 81,582 shares of First Quantum Minerals stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of C$36.72, for a total transaction of C$2,995,691.04. Following the completion of the transaction, the director now owns 5,872,725 shares of the company’s stock, valued at approximately C$215,646,462. Insiders have sold 292,201 shares of company stock valued at $11,371,329 in the last 90 days.

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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Earnings History and Estimates for First Quantum Minerals (TSE:FM)

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