Raymond James Has Pessimistic Outlook of TSE:FM Q1 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Research analysts at Raymond James reduced their Q1 2025 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Thursday, February 6th. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.06. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Raymond James also issued estimates for First Quantum Minerals' Q2 2025 earnings at $0.01 EPS and FY2025 earnings at $0.27 EPS.

FM has been the topic of several other reports. CIBC lifted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. National Bankshares lifted their target price on shares of 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. Scotiabank lowered their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Finally, Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$21.57.

First Quantum Minerals Trading Up 5.0 %

Shares of TSE FM traded up C$0.94 during trading hours on Monday, hitting C$19.85. The company's stock had a trading volume of 2,138,361 shares, compared to its average volume of 2,107,281. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The stock has a market cap of C$11.27 billion, a price-to-earnings ratio of -7.34, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12 month low of C$10.91 and a 12 month high of C$21.45. The business has a 50-day simple moving average of C$19.12 and a 200-day simple moving average of C$18.01.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned ($0.37) EPS.

Insider Activity

In other First Quantum Minerals news, Director Simon John Scott bought 1,397 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were bought 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 First Quantum Minerals 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 value of C$914,400.00. Insiders own 19.35% of the company's stock.

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.