What is Stifel Canada’s Estimate for TSE:FM Q3 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Equities research analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for First Quantum Minerals in a research report issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill expects that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.37 per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.39 EPS.

A number of other equities analysts have also commented on FM. Barclays cut 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 report on Wednesday. National Bankshares cut their price target on First Quantum Minerals from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Tuesday. Cormark dropped their price objective on First Quantum Minerals from C$25.00 to C$23.50 and set a “buy” rating for the company in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Finally, Canaccord Genuity Group lifted their price objective on First Quantum Minerals from C$22.00 to C$25.00 in a research note on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$20.59.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$17.46 on Thursday. First Quantum Minerals has a one year low of C$9.31 and a one year high of C$32.02. The business has a fifty day moving average price of C$16.83 and a 200-day moving average price of C$16.96. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The firm has a market capitalization of C$14.56 billion, a P/E ratio of -6.95, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The business had revenue of C$1.68 billion during the quarter, compared to the consensus estimate of C$1.42 billion.

Insider Transactions at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of First Quantum Minerals stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total value of C$117,165.19. Company 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.