FY2025 EPS Estimates for TSE:FM Boosted by Analyst

First Quantum Minerals Ltd. (TSE:FM) – Equities research analysts at National Bank Financial upped their FY2025 earnings per share estimates for First Quantum Minerals in a note issued to investors on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.70 per share for the year, up from their previous estimate of $0.64. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2026 earnings at $2.25 EPS.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) EPS for the quarter, beating the consensus estimate 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 firm had revenue of C$1.68 billion during the quarter, compared to analysts’ expectations of C$1.42 billion.

A number of other analysts have also recently issued reports on the company. Scotiabank raised their price objective on First Quantum Minerals from C$17.00 to C$18.50 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group raised their price objective on First Quantum Minerals from C$22.00 to C$25.00 in a research report on Monday, July 22nd. Royal Bank of Canada raised their price objective 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. Cormark lowered their price objective on First Quantum Minerals from C$25.00 to C$23.50 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, National Bankshares raised their price objective on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and a consensus price target of C$20.83.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$18.51 on Friday. The stock has a 50 day moving average price of C$17.15 and a 200 day moving average price of C$17.14. First Quantum Minerals has a 52 week low of C$9.31 and a 52 week high of C$30.68. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. The stock has a market capitalization of C$15.44 billion, a PE ratio of -7.15, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total transaction of C$264,640.00. In other First Quantum Minerals 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 transaction of C$117,165.19. Also, 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. 19.35% of the stock is currently owned by company insiders.

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.