National Bank Financial Estimates TSE:FM Q4 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at National Bank Financial raised their Q4 2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research note issued on Thursday, January 16th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.12 per share for the quarter, up from their prior forecast of $0.08. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. During the same quarter in the previous year, the business posted $0.70 EPS.

Several other analysts have also recently weighed in on FM. CIBC raised their price target on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. National Bankshares raised their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on First Quantum Minerals from C$18.00 to C$17.00 in a report on Monday. Finally, Morgan Stanley raised their price objective 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. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$21.13.

First Quantum Minerals Stock Performance

Shares of FM opened at C$19.15 on Monday. The stock’s 50-day simple moving average is C$19.10 and its 200 day simple moving average is C$17.96. The stock has a market capitalization of C$15.97 billion, a price-to-earnings ratio of -7.39, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 52-week low of C$10.91 and a 52-week high of C$21.45.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Director Simon John Scott acquired 1,397 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average price of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is currently owned by corporate insiders.

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.