Brokers Set Expectations for TSE:FM FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 EPS estimate for First Quantum Minerals from $0.04 to $0.26, indicating a significant positive outlook for the company's earnings.
• The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share, showcasing strong potential amidst analyst upgrades.
• Shares of First Quantum Minerals experienced an uptick, closing at C$23.72, with a market capitalization of C$13.46 billion and a notable price-to-earnings ratio of -8.77.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Research analysts at National Bank Financial boosted their FY2025 earnings per share estimates for First Quantum Minerals in a report issued on Tuesday, August 12th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.26 for the year, up from their prior estimate of $0.04. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for First Quantum Minerals' FY2026 earnings at $0.34 EPS and FY2027 earnings at $2.12 EPS.

A number of other equities analysts also recently weighed in on the stock. Barclays raised their target price on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. National Bankshares upped their price target on shares of First Quantum Minerals from C$28.50 to C$29.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Stifel Nicolaus raised their target price on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada lifted 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 report on Wednesday, June 4th. Seven investment 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.12.

First Quantum Minerals Stock Down 1.6%

Shares of FM stock traded down C$0.39 on Friday, reaching C$23.27. 975,927 shares of the company were exchanged, compared to its average volume of 2,448,809. 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 one year low of C$13.81 and a one year high of C$25.96. The company has a market cap of C$13.21 billion, a price-to-earnings ratio of -8.60, a PEG ratio of -1.28 and a beta of 1.73. The company has a 50-day moving average of C$23.17 and a 200-day moving average of C$20.48.

Insider Activity

In other 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 purchased 1,029 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired 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 owned by corporate insiders.

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.