Equities Analysts Issue Forecasts for TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Equities research analysts at Stifel Canada issued their FY2025 earnings estimates for shares of First Quantum Minerals in a report issued on Wednesday, March 19th. Stifel Canada analyst R. Profiti anticipates that the company will post earnings per share of $0.66 for the year. Stifel Canada currently has a “Hold” rating on the stock. 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’ FY2026 earnings at $0.40 EPS, FY2027 earnings at $0.77 EPS and FY2028 earnings at $2.26 EPS.

A number of other brokerages have also weighed in on FM. JPMorgan Chase & Co. reduced their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. TD Securities raised their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Jefferies Financial Group reduced their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Finally, Morgan Stanley raised their price objective on shares of 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. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$21.57.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$22.19 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. First Quantum Minerals has a 52 week low of C$13.30 and a 52 week high of C$23.24. The stock has a market capitalization of C$12.59 billion, a PE ratio of -8.20, a P/E/G ratio of -1.28 and a beta of 1.73. The firm has a 50 day moving average of C$18.96 and a two-hundred day moving average of C$18.46.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the previous year, the firm posted ($0.37) earnings per share.

Insider Activity

In other First Quantum Minerals news, Director Charles Kevin Mcarthur purchased 25,000 shares of First Quantum Minerals stock in a transaction on Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, with a total value of C$430,842.13. Also, Director Simon John Scott bought 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Insiders own 19.35% of the company’s stock.

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.