Analysts Set Expectations for TSE:FM FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 earnings per share estimate for First Quantum Minerals to $0.33, reflecting an increase from the previous estimate of $0.26.
• Various analysts have increased their price targets for First Quantum Minerals, with Royal Bank of Canada setting a new target of C$30.00 while maintaining a "Moderate Buy" consensus rating.
• First Quantum Minerals shares have experienced a 3.4% increase, and the company currently has a market capitalization of C$24.01 billion.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Analysts at National Bank Financial raised their FY2025 earnings per share estimates for shares of First Quantum Minerals in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.33 per share for the year, up from their previous estimate of $0.26. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

Several other research analysts have also issued reports on the company. Stifel Nicolaus increased their target price on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. National Bankshares upped their price target on First Quantum Minerals from C$28.50 to C$29.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upped their price target on First Quantum Minerals from C$28.00 to C$30.00 in a research note on Wednesday, September 10th. Raymond James Financial upped their price target on First Quantum Minerals from C$23.00 to C$25.00 in a research note on Thursday, August 21st. Finally, Desjardins upped their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$24.03.

First Quantum Minerals Stock Up 3.4%

Shares of TSE:FM opened at C$28.78 on Thursday. First Quantum Minerals has a 52-week low of C$14.41 and a 52-week high of C$30.88. The firm has a market capitalization of C$24.01 billion, a P/E ratio of 115.12, a P/E/G ratio of -1.28 and a beta of 1.29. The stock has a 50 day moving average price of C$24.32 and a 200-day moving average price of C$21.67. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Director Alison Cheryl Beckett bought 1,029 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were acquired at an average cost of C$24.59 per share, for a total transaction of C$25,307.84. Also, Senior Officer Zenon Wozniak sold 8,135 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of C$22.82, for a total value of C$185,640.70. Company insiders own 19.35% of the company's stock.

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.

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