What is Stifel Canada’s Estimate for TSE:FM FY2024 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Stifel Canada raised their FY2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings per share of ($0.07) for the year, up from their previous estimate 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.

A number of other equities research analysts have also weighed in on FM. National Bankshares lifted their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada boosted their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Monday, January 20th. Finally, Jefferies Financial Group dropped their price target on First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, First Quantum Minerals currently has an average rating of “Hold” and an average price target of C$21.13.

First Quantum Minerals Stock Down 2.8 %

TSE FM opened at C$17.60 on Monday. The business has a 50 day moving average price of C$19.12 and a two-hundred day moving average price of C$17.99. First Quantum Minerals has a fifty-two week low of C$10.91 and a fifty-two week high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The stock has a market cap of C$14.68 billion, a PE ratio of -6.80, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Buying and Selling at First Quantum Minerals

In related news, Director Simon John Scott bought 1,397 shares of the stock in a transaction on Tuesday, December 31st. The shares were 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 firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is owned by company 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.