Desjardins Analysts Increase Earnings Estimates for TSE:FM

Key Points

• Desjardins raised their FY2025 earnings estimate for First Quantum Minerals from $0.25 to $0.35 per share, while also forecasting $1.64 EPS for FY2026.
• Analysts from various firms have increased their price targets for First Quantum Minerals, with TD Securities and Jefferies Financial Group raising theirs to $30.00 and $33.00 respectively, while maintaining varied rating classifications.
• As of now, First Quantum Minerals has a market cap of C$26.98 billion and a current stock price of C$32.34, reflecting a significant performance over the past year.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Desjardins upped their FY2025 earnings estimates for First Quantum Minerals in a note issued to investors on Wednesday, October 1st. Desjardins analyst B. Adams now forecasts that the company will earn $0.35 per share for the year, up from their prior estimate of $0.25. Desjardins currently has a "Hold" rating and a $26.00 target price on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Desjardins also issued estimates for First Quantum Minerals' FY2026 earnings at $1.64 EPS.

Other equities analysts have also issued reports about the stock. Scotiabank raised their price target on shares of First Quantum Minerals from C$27.00 to C$28.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Barclays raised their price target on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. TD Securities lifted their target price on shares of First Quantum Minerals from C$25.00 to C$30.00 and gave the company a "hold" rating in a report on Monday, September 29th. Jefferies Financial Group lifted their target price on shares of First Quantum Minerals from C$28.00 to C$33.00 and gave the company a "buy" rating in a report on Monday, September 29th. Finally, Stifel Nicolaus lifted 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 report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of "Moderate Buy" and a consensus price target of C$25.34.

First Quantum Minerals Trading Up 2.4%

TSE FM opened at C$32.34 on Monday. First Quantum Minerals has a 12 month low of C$14.41 and a 12 month high of C$32.76. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$26.98 billion, a PE ratio of 129.36, a PEG ratio of -1.28 and a beta of 1.58. The company's 50-day moving average price is C$25.31 and its 200-day moving average price is C$22.22.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of First Quantum Minerals 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. Corporate insiders own 19.35% of the company's stock.

First Quantum Minerals Company Profile

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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