National Bank Financial Weighs in on TSE:FM Q1 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Equities researchers at National Bank Financial lowered their Q1 2025 earnings estimates for shares of First Quantum Minerals in a research note issued on Wednesday, February 12th. National Bank Financial analyst S. Nagle now anticipates that the company will earn ($0.11) per share for the quarter, down from their prior forecast of $0.35. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for First Quantum Minerals' Q2 2025 earnings at ($0.07) EPS, FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.86 EPS and FY2027 earnings at $2.43 EPS.

Several other brokerages also recently weighed in on FM. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a "buy" rating to a "hold" rating and lowered their target price for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Barclays lowered their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. CIBC raised their price target on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group reduced their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Nine 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 a consensus rating of "Hold" and an average price target of C$21.57.

First Quantum Minerals Stock Up 1.8 %

FM traded up C$0.34 on Monday, hitting C$18.94. The company had a trading volume of 2,006,767 shares, compared to its average volume of 2,097,293. The stock has a market capitalization of C$10.75 billion, a price-to-earnings ratio of -7.00, a P/E/G ratio of -1.28 and a beta of 1.73. The stock has a fifty day moving average price of C$19.02 and a 200-day moving average price of C$18.05. First Quantum Minerals has a 12-month low of C$10.91 and a 12-month high of C$21.45. 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 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the business earned ($0.37) earnings per share.

Insider Activity at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired 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 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.