Q4 2024 EPS Estimates for First Quantum Minerals Ltd. Cut by Raymond James (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Equities researchers at Raymond James cut their Q4 2024 earnings per share estimates for shares of First Quantum Minerals in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. Raymond James also issued estimates for First Quantum Minerals’ FY2025 earnings at $1.01 EPS.

Several other research analysts also recently commented on the stock. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$17.00 to C$18.00 in a report on Monday, March 4th. Barclays increased their price objective on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the company an “equal weight” rating in a report on Tuesday. National Bank Financial raised shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a report on Thursday, February 29th. Jefferies Financial Group raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating and increased their price target for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. Finally, Citigroup lowered their price target on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, First Quantum Minerals currently has a consensus rating of “Hold” and an average price target of C$16.02.

First Quantum Minerals Stock Down 0.8 %

FM opened at C$15.96 on Friday. The firm has a 50-day simple moving average of C$13.78 and a two-hundred day simple moving average of C$15.57. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13. The company has a market capitalization of C$13.30 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The business had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion.

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.