FY2024 Earnings Forecast for TSE:FM Issued By Stifel Canada

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at Stifel Canada increased their FY2024 EPS estimates for First Quantum Minerals in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of ($0.14) per share for the year, up from their prior 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 analysts have also recently issued reports on FM. JPMorgan Chase & Co. lowered their target price on First Quantum Minerals from C$20.00 to C$18.00 in a research note on Friday, November 8th. Morgan Stanley increased their target price on First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Barclays raised shares of First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 12th. National Bankshares raised their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, CIBC raised their price target on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of "Hold" and an average target price of C$21.05.

First Quantum Minerals Price Performance

Shares of FM traded down C$0.36 during trading hours on Wednesday, hitting C$18.45. The stock had a trading volume of 698,692 shares, compared to its average volume of 2,565,927. The company's fifty day moving average is C$18.72 and its two-hundred day moving average is C$17.71. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. First Quantum Minerals has a 52 week low of C$10.34 and a 52 week high of C$21.45. The stock has a market capitalization of C$15.39 billion, a price-to-earnings ratio of -7.10, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Transactions at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm's stock in a transaction 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. 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.