Raymond James Analysts Reduce Earnings Estimates for First Quantum Minerals Ltd. (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Equities researchers at Raymond James lowered their Q4 2024 earnings estimates for First Quantum Minerals in a report issued on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.05. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.79 per share. Raymond James also issued estimates for First Quantum Minerals' FY2025 earnings at $1.01 EPS.

First Quantum Minerals (TSE:FM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 10.80% and a negative net margin of 14.78%.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$13.00 to C$18.00 in a research note on Thursday, February 22nd. Canaccord Genuity Group raised their price objective on shares of First Quantum Minerals from C$21.00 to C$22.00 in a research note on Wednesday. UBS Group set a C$16.00 price objective on shares of First Quantum Minerals and gave the stock a "neutral" rating in a research note on Tuesday, January 16th. Citigroup decreased their target price on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a "neutral" rating for the company in a research note on Wednesday, January 10th. Finally, Barclays lifted their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the company an "equal weight" rating in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$16.02.

First Quantum Minerals Price Performance

First Quantum Minerals stock traded down C$0.13 during mid-day trading on Friday, hitting C$15.96. The company's stock had a trading volume of 2,454,880 shares, compared to its average volume of 3,060,029. The stock's fifty day moving average price is C$13.78 and its two-hundred day moving average price is C$15.57. First Quantum Minerals has a twelve month low of C$9.31 and a twelve month high of C$39.13. 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 capitalization of C$13.30 billion, a P/E ratio of -8.53, a P/E/G ratio of -1.28 and a beta of 2.01.

About First Quantum Minerals

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.