Q4 EPS Estimate for First Quantum Minerals Lifted by Analyst

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at National Bank Financial increased their Q4 2024 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Thursday, January 16th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.08. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

A number of other brokerages have also recently issued reports on FM. Jefferies Financial Group dropped their target price on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their target price for the company from C$24.00 to C$20.00 in a report on Thursday. Royal Bank of Canada increased their target price on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Barclays raised shares of First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 12th. Finally, CIBC raised their price objective on shares of First Quantum Minerals from C$18.00 to C$20.00 in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$21.18.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$19.01 on Monday. First Quantum Minerals has a 52 week low of C$10.91 and a 52 week high of C$21.45. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The company has a market cap of C$15.86 billion, a P/E ratio of -7.34, a PEG ratio of -1.28 and a beta of 1.73. The company has a 50-day moving average price of C$19.08 and a 200 day moving average price of C$17.92.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 45,000 shares of First Quantum Minerals stock in a transaction on Friday, December 6th. The shares were sold at an average price of C$20.32, for a total transaction of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of C$18.57 per share, with a total value of C$25,942.29. 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.