TSE:FM FY2027 EPS Decreased by National Bank Financial

Key Points

• National Bank Financial has revised down its FY2027 earnings per share estimate for First Quantum Minerals from $2.29 to $2.01.
• First Quantum Minerals currently has a consensus rating of "Moderate Buy" among analysts, with an average price target of C$22.34.
• Insider transactions show confidence as director Alison Cheryl Beckett purchased 1,029 shares at an average price of C$24.59.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at National Bank Financial decreased their FY2027 EPS estimates for First Quantum Minerals in a research report issued to clients and investors on Thursday, July 24th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $2.01 per share for the year, down from their previous forecast of $2.29. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

A number of other brokerages have also recently issued reports on FM. National Bankshares boosted their target price on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Scotiabank lifted their target price on First Quantum Minerals from C$22.50 to C$24.00 in a report on Monday, June 16th. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Desjardins raised shares of First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Finally, Morgan Stanley cut their target price on 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, First Quantum Minerals has a consensus rating of "Moderate Buy" and a consensus price target of C$22.35.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded up C$0.36 during trading on Monday, hitting C$23.36. 350,096 shares of the company's stock traded hands, compared to its average volume of 2,484,120. First Quantum Minerals has a twelve month low of C$13.81 and a twelve month high of C$25.96. The company has a market cap of C$13.26 billion, a PE ratio of -8.63, a PEG ratio of -1.28 and a beta of 1.73. The firm's fifty day moving average price is C$22.48 and its 200 day moving average price is C$20.05. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41.

Insider Buying and Selling

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