Q4 2024 EPS Estimates for First Quantum Minerals Ltd. (TSE:FM) Decreased by Raymond James

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at Raymond James decreased their Q4 2024 earnings per share estimates for First Quantum Minerals in a note issued to investors on Wednesday, April 17th. Raymond James analyst F. Hamed now expects that the company will earn $0.01 per share for the quarter, down from their previous estimate 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) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations 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%.

A number of other equities research analysts have also recently weighed in on FM. BMO Capital Markets upped their price target on First Quantum Minerals from C$7.50 to C$8.50 in a report on Wednesday. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$17.00 to C$18.00 in a research report on Monday, March 4th. Morgan Stanley lifted their price target on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Bank of America increased their price objective on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research note on Tuesday, April 9th. Finally, National Bankshares upgraded shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$16.50 in a research report on Friday, March 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, First Quantum Minerals presently has an average rating of “Hold” and a consensus price target of C$16.02.

First Quantum Minerals Trading Down 0.8 %

Shares of First Quantum Minerals stock opened at C$15.96 on Friday. The company has a 50-day moving average of C$13.86 and a two-hundred day moving average of C$15.47. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The stock has a market cap of C$13.30 billion, a PE ratio of -8.53, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01.

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.