First Quantum Minerals Ltd. Forecasted to Post Q3 2024 Earnings of $0.26 Per Share (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle forecasts that the company will post earnings of $0.26 per share for the quarter. National Bank Financial currently 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.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion.

A number of other research firms have also issued reports on FM. Jefferies Financial Group dropped their price target on First Quantum Minerals from C$20.00 to C$19.50 and set a “buy” rating for the company in a research report on Wednesday. Citigroup lowered their price objective on First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating for the company in a research report on Wednesday, January 10th. Canaccord Genuity Group lowered their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus set a C$14.00 price objective on First Quantum Minerals and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Finally, CIBC increased their price objective on First Quantum Minerals from C$14.00 to C$15.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$16.96.

First Quantum Minerals Trading Up 1.9 %

FM stock opened at C$16.24 on Friday. The stock has a market cap of C$13.54 billion, a price-to-earnings ratio of -8.68, a PEG ratio of -1.28 and a beta of 2.01. The business’s 50-day moving average is C$14.19 and its 200 day moving average is C$15.08. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21.

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.