What is Stifel Canada's Estimate for TSE:FM FY2028 Earnings?

Key Points

• Stifel Canada projects that First Quantum Minerals Ltd. will earn $1.44 per share in FY2028, significantly higher than the current consensus estimate of $0.56 per share for the current year.
• Multiple research firms, including Desjardins and TD Securities, have recently raised their price targets for First Quantum Minerals, with the average price target now at C$25.34 and a consensus rating of "Moderate Buy."
• As of the latest trading session, First Quantum Minerals' stock is priced at C$31.48, marking a high for the past twelve months of C$31.60 and a low of C$14.41.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Analysts at Stifel Canada issued their FY2028 earnings estimates for First Quantum Minerals in a research note issued to investors on Sunday, September 28th. Stifel Canada analyst R. Profiti forecasts that the company will earn $1.44 per share for the year. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

A number of other research firms have also recently commented on FM. Desjardins raised their price objective on First Quantum Minerals from C$25.00 to C$26.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Stifel Nicolaus increased their price target on 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. TD Securities raised their price target on First Quantum Minerals from C$25.00 to C$30.00 and gave the stock a "hold" rating in a research report on Monday. Scotiabank lifted their price objective on First Quantum Minerals from C$27.00 to C$28.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Finally, Raymond James Financial increased their target price on First Quantum Minerals from C$23.00 to C$25.00 in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$25.34.

First Quantum Minerals Trading Down 0.3%

Shares of TSE FM opened at C$31.48 on Wednesday. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$31.60. The stock has a market cap of C$26.26 billion, a price-to-earnings ratio of 125.92, a P/E/G ratio of -1.28 and a beta of 1.29. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The company's fifty day moving average is C$24.84 and its 200-day moving average is C$22.01.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of C$22.82, for a total transaction of C$185,640.70. Corporate insiders own 19.35% of the company's stock.

About First Quantum Minerals

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.

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