Stifel Canada Has Positive Outlook of TSE:FM FY2024 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stifel Canada raised their FY2024 earnings per share (EPS) estimates for First Quantum Minerals in a report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings of ($0.14) per share for the year, up from their previous estimate of ($0.27). The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for First Quantum Minerals' FY2025 earnings at ($0.14) EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $1.48 EPS.

A number of other equities analysts also recently commented on the company. National Bankshares lifted their target price on First Quantum Minerals from C$21.00 to C$22.50 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price objective on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. CIBC increased their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Barclays raised shares of First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of First Quantum Minerals from C$20.00 to C$18.00 in a report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$21.05.

First Quantum Minerals Stock Down 5.5 %

Shares of First Quantum Minerals stock traded down C$1.04 during trading on Wednesday, reaching C$17.77. The company had a trading volume of 2,396,872 shares, compared to its average volume of 2,572,971. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The company has a market cap of C$14.82 billion, a price-to-earnings ratio of -6.86, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a fifty-two week low of C$10.34 and a fifty-two week high of C$21.45. The firm's fifty day moving average is C$18.72 and its 200-day moving average is C$17.71.

Insider Activity at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 45,000 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of C$20.32, for a total value of C$914,400.00. 19.35% of the stock is owned by 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.