Desjardins Expects Lower Earnings for First Quantum Minerals

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at Desjardins lowered their FY2025 earnings per share estimates for shares of First Quantum Minerals in a research note issued to investors on Wednesday, April 23rd. Desjardins analyst B. Adams now forecasts that the company will post earnings of $0.57 per share for the year, down from their prior forecast of $1.47. Desjardins has a "Hold" rating 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 and FY2027 earnings at $2.75 EPS.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter in the previous year, the firm earned ($0.37) EPS.

FM has been the topic of several other research reports. Barclays reduced their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Raymond James upped their target price on First Quantum Minerals from C$20.00 to C$21.00 in a report on Friday, April 4th. Jefferies Financial Group lowered their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Scotiabank lowered their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Trading Up 1.4 %

First Quantum Minerals stock traded up C$0.26 during mid-day trading on Monday, reaching C$18.91. 449,020 shares of the company traded hands, compared to its average volume of 2,756,573. The firm's 50 day moving average price is C$18.47 and its 200 day moving average price is C$18.71. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$23.28. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a market capitalization of C$10.73 billion, a price-to-earnings ratio of -6.99, a P/E/G ratio of -1.28 and a beta of 1.73.

Insiders Place Their Bets

In related news, Director Alison Cheryl Beckett bought 1,388 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. 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.