Raymond James Equities Analysts Lower Earnings Estimates for First Quantum Minerals Ltd. (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Raymond James lowered their Q4 2024 EPS estimates for shares of First Quantum Minerals in a research note issued on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.05. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. Raymond James also issued estimates for First Quantum Minerals’ FY2025 earnings at $1.01 EPS.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%. The business had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a “neutral” rating in a report on Wednesday. TD Securities increased their price objective on First Quantum Minerals from C$14.50 to C$15.50 and gave the company a “hold” rating in a research report on Monday, March 4th. Scotiabank lowered their target price on First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating for the company in a research note on Thursday, February 22nd. CIBC upped their price target on First Quantum Minerals from C$14.00 to C$15.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$17.00 to C$18.00 in a research report on Monday, March 4th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$16.02.

First Quantum Minerals Stock Up 8.9 %

Shares of TSE:FM opened at C$16.09 on Friday. The company has a market capitalization of C$13.41 billion, a PE ratio of -8.60, a P/E/G ratio of -1.28 and a beta of 2.01. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The company’s fifty day moving average is C$13.78 and its 200-day moving average is C$15.57. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$39.13.

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.