TSE:FM Q1 EPS Forecast Lifted by National Bank Financial

First Quantum Minerals Ltd. (TSE:FM - Free Report) - National Bank Financial raised their Q1 2025 earnings estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Tuesday, April 15th. National Bank Financial analyst S. Nagle now forecasts that the company will earn ($0.09) per share for the quarter, up from their prior estimate of ($0.11). 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' FY2025 earnings at $0.48 EPS and FY2026 earnings at $1.18 EPS.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating 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 quarter in the previous year, the company earned ($0.37) EPS.

Several other brokerages have also issued reports on FM. Scotiabank cut their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Raymond James increased their price objective on shares of First Quantum Minerals from C$20.00 to C$21.00 in a research report on Friday, April 4th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. National Bankshares cut their price target on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Finally, TD Securities boosted their price objective on 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. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Trading Up 7.0 %

Shares of First Quantum Minerals stock traded up C$1.17 on Friday, hitting C$17.83. 2,692,211 shares of the company's stock traded hands, compared to its average volume of 2,716,637. The company has a market capitalization of C$10.12 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a fifty day moving average of C$18.47 and a two-hundred day moving average of C$18.71. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28.

Insider Activity

In other news, Director Charles Kevin Mcarthur bought 25,000 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of C$17.23 per share, with a total value of C$430,842.13. Also, Director Alison Cheryl Beckett purchased 1,388 shares of the company's stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of C$19.25 per share, with a total value of C$26,719.00. 19.35% of the stock is 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.