Raymond James Analysts Lower Earnings Estimates for TSE:FM

First Quantum Minerals Ltd. (TSE:FM) – Analysts at Raymond James decreased their Q1 2025 earnings estimates for First Quantum Minerals in a research note issued on Thursday, February 6th. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.06. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Raymond James also issued estimates for First Quantum Minerals’ Q2 2025 earnings at $0.01 EPS and FY2025 earnings at $0.27 EPS.

FM has been the topic of a number of other reports. National Bankshares raised their price target on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. 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, the company has a consensus rating of “Hold” and an average price target of C$21.47.

First Quantum Minerals Price Performance

Shares of FM opened at C$19.80 on Monday. The firm has a market capitalization of C$16.51 billion, a PE ratio of -7.64, a PEG ratio of -1.28 and a beta of 1.73. The company’s 50-day moving average is C$19.13 and its 200-day moving average is C$18.00. First Quantum Minerals has a fifty-two week low of C$10.91 and a fifty-two week high of C$21.45. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41.

Insiders Place Their Bets

In other 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 value of C$914,400.00. Also, Director Simon John Scott acquired 1,397 shares of the stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price 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.

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.