Q1 Earnings Forecast for TSE:FM Issued By Desjardins

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Desjardins issued their Q1 2025 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Tuesday, April 22nd. Desjardins analyst B. Adams anticipates that the company will post earnings of ($0.01) per share for the quarter. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating the consensus estimate 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 last year, the company posted ($0.37) EPS.

FM has been the topic of several other reports. Jefferies Financial Group dropped their target price on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Royal Bank of Canada raised their target price on First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. TD Securities lifted their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a report on Thursday, February 13th. Finally, National Bankshares dropped their price objective on First Quantum Minerals from C$25.50 to C$24.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has an average rating of "Moderate Buy" and a consensus price target of C$21.77.

First Quantum Minerals Stock Down 3.1 %

Shares of TSE:FM traded down C$0.59 during mid-day trading on Friday, hitting C$18.58. 2,843,309 shares of the company traded hands, compared to its average volume of 2,778,893. The firm has a market cap of C$10.55 billion, a P/E ratio of -6.87, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$23.28. The firm's 50 day simple moving average is C$18.42 and its 200 day simple moving average is C$18.71.

Insider Activity at First Quantum Minerals

In related news, Director Alison Cheryl Beckett acquired 1,388 shares of First Quantum Minerals stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. Insiders own 19.35% of the company's stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.