Desjardins Has Bearish Outlook 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) - Research 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, July 30th. Desjardins analyst B. Adams now anticipates that the company will post earnings per share of $0.25 for the year, down from their previous 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.

Other research analysts also recently issued research reports about the stock. Scotiabank increased their price target on shares of First Quantum Minerals from C$27.00 to C$28.00 and gave the company a "sector perform" rating in a report on Wednesday. Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research note on Wednesday, April 9th. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Barclays raised their target price on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, First Quantum Minerals currently has a consensus rating of "Moderate Buy" and an average price target of C$22.99.

First Quantum Minerals Price Performance

Shares of FM stock traded up C$0.17 on Monday, reaching C$23.12. The company's stock had a trading volume of 1,013,290 shares, compared to its average volume of 2,483,896. The company has a market capitalization of C$13.12 billion, a P/E ratio of -8.54, a PEG ratio of -1.28 and a beta of 1.73. The stock's 50 day simple moving average is C$22.77 and its 200-day simple moving average is C$20.19. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 12-month low of C$13.81 and a 12-month high of C$25.96.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. Also, Director Alison Cheryl Beckett bought 1,029 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were bought at an average cost of C$24.59 per share, with a total value of C$25,307.84. 19.35% of the stock is currently owned by corporate insiders.

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.