What is Stifel Canada’s Estimate for TSE:FM FY2024 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Stifel Canada lifted their FY2024 earnings estimates for First Quantum Minerals in a research report issued to clients and investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will earn ($0.14) per share for the year, up from their previous forecast of ($0.27). The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.14) EPS, FY2026 earnings at $0.40 EPS and FY2027 earnings at $1.48 EPS.

FM has been the topic of several other research reports. Scotiabank raised their target price on shares of First Quantum Minerals from C$18.50 to C$23.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. National Bankshares upped their target price on 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 lifted their price target on First Quantum Minerals from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. CIBC upped their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. Finally, Barclays raised First Quantum Minerals from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals presently has an average rating of “Hold” and a consensus target price of C$21.05.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$17.77 on Wednesday. First Quantum Minerals has a 12-month low of C$10.34 and a 12-month high of C$21.45. The company has a market cap of C$14.82 billion, a PE ratio of -6.86, a P/E/G ratio of -1.28 and a beta of 1.73. The stock has a 50 day simple moving average of C$18.72 and a 200-day simple moving average of C$17.71. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 67.00.

Insider Buying and Selling

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the firm’s 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. Corporate 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.