Equities Analysts Issue Forecasts for TSE:FM FY2025 Earnings

Key Points

• Desjardins has reduced its FY2025 earnings per share (EPS) estimate for First Quantum Minerals to $0.25, down from $0.57, while the consensus estimate is $0.56 per share.
• Multiple analysts have adjusted their price targets for First Quantum Minerals, with Scotiabank raising it to C$24.00 and Royal Bank of Canada to C$25.00, while TD Securities lowered theirs to C$24.00.
• Insider activity shows Director Alison Cheryl Beckett acquired 1,029 shares of the company at an average price of C$24.59, indicating confidence in the firm's prospects.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Analysts at Desjardins dropped their FY2025 EPS estimates for shares of First Quantum Minerals in a report released on Wednesday, July 30th. Desjardins analyst B. Adams now expects that the company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.57. 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 $1.30 EPS.

FM has been the topic of a number of other reports. Scotiabank boosted their price objective on shares of First Quantum Minerals from C$22.50 to C$24.00 in a research report on Monday, June 16th. Royal Bank Of Canada boosted their price objective on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. TD Securities lowered their price objective on shares of First Quantum Minerals from C$25.00 to C$24.00 and set a "hold" rating on the stock in a research report on Friday, July 25th. Finally, Morgan Stanley lowered their price objective on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$22.35.

First Quantum Minerals Stock Performance

Shares of FM opened at C$22.18 on Monday. The firm's 50 day moving average is C$22.65 and its 200-day moving average is C$20.13. The stock has a market capitalization of C$12.59 billion, a P/E ratio of -8.20, a P/E/G ratio of -1.28 and a beta of 1.73. 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 12-month low of C$13.81 and a 12-month high of C$25.96.

Insider Buying and Selling at First Quantum Minerals

In related news, Director Alison Cheryl Beckett acquired 1,029 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were purchased at an average price of C$24.59 per share, with a total value of C$25,307.84. 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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