National Bank Financial Comments on First Quantum Minerals Ltd.’s Q3 2024 Earnings (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for First Quantum Minerals in a report released on Wednesday, April 24th. National Bank Financial analyst S. Nagle expects that the company will earn $0.26 per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.67 EPS.

FM has been the subject of a number of other reports. UBS Group set a C$16.00 price target on First Quantum Minerals and gave the stock a “neutral” rating in a report on Tuesday, January 16th. BMO Capital Markets decreased their price target on First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their price target on First Quantum Minerals from C$12.00 to C$18.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Citigroup decreased their price target on 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. Finally, Stifel Nicolaus set a C$14.00 price target on First Quantum Minerals and gave the stock a “hold” rating in a report on Tuesday, March 26th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$16.96.

First Quantum Minerals Stock Performance

TSE FM opened at C$18.27 on Friday. The company has a market capitalization of C$15.23 billion, a price-to-earnings ratio of -9.77, a PEG ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. The stock has a fifty day simple moving average of C$14.31 and a 200 day simple moving average of C$15.00. 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 posted its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%.

About First Quantum Minerals

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.