Analysts Offer Predictions for TSE:FM FY2024 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at National Bank Financial raised their FY2024 earnings per share estimates for First Quantum Minerals in a report issued on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.00 per share for the year, up from their prior estimate of ($0.26). 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' Q4 2024 earnings at $0.08 EPS and Q1 2025 earnings at $0.35 EPS.

FM has been the topic of several other reports. Cormark decreased their price objective on shares of First Quantum Minerals from C$25.00 to C$23.50 and set a "buy" rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group upped their target price on First Quantum Minerals from C$19.50 to C$23.00 in a research report on Monday, July 8th. National Bankshares lifted their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an "outperform" rating in a report on Thursday. Barclays reduced their price target on First Quantum Minerals from C$18.00 to C$17.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 16th. Finally, Morgan Stanley increased their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals has a consensus rating of "Hold" and an average target price of C$20.83.

First Quantum Minerals Stock Performance

TSE FM traded down C$0.40 on Monday, hitting C$18.51. 2,106,210 shares of the stock were exchanged, compared to its average volume of 2,650,793. The business's fifty day moving average is C$17.21 and its 200 day moving average is C$17.17. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$25.10. The company has a market capitalization of C$15.44 billion, a PE ratio of -7.15, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41.

Insider Activity

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 6,323 shares of the business's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. 19.35% of the stock is currently owned by company 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.