First Quantum Minerals Ltd. (TSE:FM – Free Report) – Stifel Canada upped their FY2024 earnings estimates for First Quantum Minerals in a research report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of ($0.07) per share for the year, up from their prior forecast of ($0.14). The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.23) EPS, FY2026 earnings at $0.50 EPS and FY2027 earnings at $1.22 EPS.
FM has been the topic of several other reports. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating and cut their target price for the company from C$24.00 to C$20.00 in a report on Thursday, January 16th. Royal Bank of Canada increased their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. National Bankshares boosted their target price on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley increased their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group dropped their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$21.13.
First Quantum Minerals Stock Down 4.0 %
First Quantum Minerals stock opened at C$18.10 on Monday. The company has a market capitalization of C$15.10 billion, a P/E ratio of -6.99, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1-year low of C$10.91 and a 1-year high of C$21.45. The firm’s fifty day simple moving average is C$19.12 and its 200-day simple moving average is C$18.00. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.
Insider Activity
In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was bought at an average cost of C$18.57 per share, with a total value of C$25,942.29. 19.35% of the stock is currently owned by corporate insiders.
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.
Read More
- Five stocks we like better than First Quantum Minerals
- How is Compound Interest Calculated?
- Sizing Up a New Opportunity for NVIDIA Investors
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- Financial Services Stocks Investing
- The 3 Biggest M&A Stock Opportunities for 2025
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.