Desjardins Has Negative Outlook of TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Research analysts at Desjardins cut their FY2025 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Wednesday, April 23rd. Desjardins analyst B. Adams now expects that the company will post earnings of $0.57 per share for the year, down from their prior estimate of $1.47. Desjardins has a "Hold" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Desjardins also issued estimates for First Quantum Minerals' FY2026 earnings at $1.64 EPS and FY2027 earnings at $2.75 EPS.

Other analysts have also recently issued research reports about the company. BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Royal Bank of Canada upped their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Finally, Jefferies Financial Group cut their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, First Quantum Minerals has a consensus rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Stock Up 0.4 %

FM stock opened at C$19.17 on Monday. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28. The stock has a market capitalization of C$10.88 billion, a P/E ratio of -7.08, a PEG ratio of -1.28 and a beta of 1.73. The company has a 50 day moving average price of C$18.42 and a two-hundred day moving average price of C$18.71. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

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

Insiders Place Their Bets

In related news, Director Alison Cheryl Beckett bought 1,388 shares of the firm's stock in a transaction on Monday, March 31st. The stock was bought at an average cost of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. 19.35% of the stock is currently owned by company insiders.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.

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