First Quantum Minerals Ltd. Expected to Post Q1 2024 Earnings of ($0.04) Per Share (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Raymond James issued their Q1 2024 EPS estimates for First Quantum Minerals in a research note issued to investors on Tuesday, March 19th. Raymond James analyst F. Hamed forecasts that the company will post earnings per share of ($0.04) for the quarter. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.78 per share. Raymond James also issued estimates for First Quantum Minerals' Q2 2024 earnings at $0.01 EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.08 EPS.

Other research analysts also recently issued research reports about the stock. UBS Group set a C$16.00 price target on shares of First Quantum Minerals and gave the stock a "neutral" rating in a research note on Tuesday, January 16th. TD Securities boosted their price objective on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a "hold" rating in a research report on Monday, March 4th. National Bankshares raised shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$15.00 to C$16.50 in a research note on Friday, March 1st. Royal Bank of Canada raised shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$17.00 to C$18.00 in a research note on Monday, March 4th. Finally, Eight Capital lowered their price target on shares of First Quantum Minerals from C$31.00 to C$16.00 and set a "neutral" rating on the stock in a research note on Monday, December 4th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, First Quantum Minerals has an average rating of "Hold" and an average price target of C$16.22.

First Quantum Minerals Stock Down 1.7 %

First Quantum Minerals stock traded down C$0.23 during trading on Friday, reaching C$13.62. The stock had a trading volume of 1,486,029 shares, compared to its average volume of 3,203,239. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$39.13. The business has a 50 day moving average price of C$12.86 and a 200 day moving average price of C$18.02. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. The stock has a market cap of C$11.35 billion, a PE ratio of -7.32, a P/E/G ratio of -1.28 and a beta of 1.97.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts' consensus estimates of C($0.10) by C($0.40). The business had revenue of C$1.66 billion during the quarter, compared to analyst estimates of C$1.58 billion. First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.