First Quantum Minerals Ltd. (TSE:FM) to Post Q4 2022 Earnings of $0.17 Per Share, Raymond James Forecasts

First Quantum Minerals Ltd. (TSE:FM – Get Rating) – Research analysts at Raymond James lowered their Q4 2022 EPS estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Tuesday, January 17th. Raymond James analyst F. Hamed now expects that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.18. Raymond James has a “Market Perform” rating and a $26.00 price target on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $1.49 per share. Raymond James also issued estimates for First Quantum Minerals’ Q1 2023 earnings at $0.28 EPS, Q2 2023 earnings at $0.31 EPS, Q3 2023 earnings at $0.32 EPS and Q4 2023 earnings at $0.34 EPS.

A number of other equities research analysts have also recently commented on FM. National Bankshares decreased their target price on shares of First Quantum Minerals from C$30.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Tuesday. Morgan Stanley lowered shares of First Quantum Minerals to a “sell” rating and set a C$23.00 price objective on the stock. in a research note on Tuesday, October 18th. TD Securities dropped their price target on shares of First Quantum Minerals from C$32.00 to C$31.00 and set a “hold” rating on the stock in a research report on Tuesday. Morgan Joseph raised their price target on shares of First Quantum Minerals from C$19.00 to C$22.00 in a research report on Thursday, December 8th. Finally, Jefferies Financial Group dropped their price target on shares of First Quantum Minerals from C$37.00 to C$35.00 in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$31.05.

First Quantum Minerals Trading Down 0.3 %

TSE:FM opened at C$29.94 on Thursday. First Quantum Minerals has a 52 week low of C$18.67 and a 52 week high of C$45.38. The firm has a 50 day moving average of C$30.17 and a 200 day moving average of C$25.91. The company has a quick ratio of 1.41, a current ratio of 2.43 and a debt-to-equity ratio of 67.97. The stock has a market capitalization of C$20.73 billion and a price-to-earnings ratio of 13.13.

First Quantum Minerals (TSE:FM – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.09). The firm had revenue of C$2.25 billion for the quarter, compared to analysts’ expectations of C$2.23 billion.

Insider Buying and Selling

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 30,965 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$30.90, for a total value of C$956,818.50. Following the sale, the insider now directly owns 49,161 shares in the company, valued at C$1,519,074.90.

First Quantum Minerals Company Profile

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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.