TSE:FM FY2025 EPS Forecast Cut by National Bank Financial

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Equities researchers at National Bank Financial reduced their FY2025 earnings estimates for shares of First Quantum Minerals in a research report issued on Tuesday, July 8th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.31 for the year, down from their previous estimate of $0.43. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

Other equities analysts also recently issued research reports about the stock. Barclays increased their price target on shares of First Quantum Minerals from C$21.60 to C$25.80 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Scotiabank raised their price objective on First Quantum Minerals from C$22.50 to C$24.00 in a report on Monday, June 16th. BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Desjardins raised shares of First Quantum Minerals to a "hold" rating in a research report on Thursday, April 3rd. Finally, Stifel Canada raised shares of First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals currently has an average rating of "Moderate Buy" and a consensus target price of C$22.30.

First Quantum Minerals Stock Performance

FM opened at C$23.58 on Thursday. First Quantum Minerals has a 1-year low of C$13.81 and a 1-year high of C$25.96. The company has a 50 day simple moving average of C$21.30 and a two-hundred day simple moving average of C$19.62. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a market cap of C$13.38 billion, a P/E ratio of -8.71, a PEG ratio of -1.28 and a beta of 1.73.

Insider Buying and Selling

In other First Quantum Minerals news, Director Alison Cheryl Beckett purchased 1,029 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was bought at an average price of C$24.59 per share, with a total value of C$25,307.84. 19.35% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.