National Bank Financial Weighs in on TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at National Bank Financial lifted their FY2025 earnings estimates for First Quantum Minerals in a research report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.33 for the year, up from their previous forecast of $0.26. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

Several other brokerages have also commented on FM. Barclays raised their price objective on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Desjardins raised their target price on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada raised their target price on shares of First Quantum Minerals from C$28.00 to C$30.00 in a research note on Wednesday, September 10th. National Bankshares raised their target price on shares of First Quantum Minerals from C$28.50 to C$29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial raised their target price on shares of First Quantum Minerals from C$23.00 to C$25.00 in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$24.03.

First Quantum Minerals Stock Performance

Shares of FM opened at C$28.73 on Thursday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a one year low of C$14.41 and a one year high of C$30.88. The company has a 50-day simple moving average of C$24.42 and a two-hundred day simple moving average of C$21.75. The firm has a market capitalization of C$23.97 billion, a PE ratio of 114.92, a price-to-earnings-growth ratio of -1.28 and a beta of 1.29.

Insider Activity at First Quantum Minerals

In other news, Director Alison Cheryl Beckett purchased 1,029 shares of First Quantum Minerals stock in a transaction that occurred on Wednesday, July 2nd. The stock was bought at an average price of C$24.59 per share, with a total value of C$25,307.84. Also, Senior Officer Zenon Wozniak sold 8,135 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of C$22.82, for a total transaction of C$185,640.70. 19.35% of the stock is owned by company insiders.

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.