Raymond James Issues Positive Estimate for TSE:FM Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Raymond James upped their Q1 2025 earnings estimates for First Quantum Minerals in a note issued to investors on Tuesday, March 4th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.06 per share for the quarter, up from their prior estimate of $0.01. 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 ($0.03) EPS and FY2025 earnings at $0.28 EPS.

Several other brokerages also recently weighed in on FM. Canaccord Genuity Group downgraded First Quantum Minerals from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Barclays dropped their target price on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Morgan Stanley boosted their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Scotiabank reduced their price objective on First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$21.57.

Remove Ads

First Quantum Minerals Stock Up 2.1 %

TSE:FM traded up C$0.36 during midday trading on Friday, reaching C$17.25. 2,167,069 shares of the stock traded hands, compared to its average volume of 2,121,663. The stock has a market capitalization of C$9.79 billion, a PE ratio of -6.38, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12-month low of C$12.77 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. The business has a 50-day moving average of C$18.77 and a two-hundred day moving average of C$18.18.

First Quantum Minerals (TSE:FM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) 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 period in the prior year, the firm posted ($0.37) EPS.

Insider Transactions at First Quantum Minerals

In other news, Director Simon John Scott bought 1,397 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of C$17.23 per share, with a total value of C$430,842.13. 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.