First Quantum Minerals Ltd. Forecasted to Post Q3 2024 Earnings of $0.26 Per Share (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research note issued to investors on Wednesday, April 24th. National Bank Financial analyst S. Nagle expects that the company will post earnings of $0.26 per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.67 EPS.

Several other equities analysts have also recently commented on the company. Stifel Nicolaus set a C$14.00 target price on First Quantum Minerals and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$18.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. raised their price objective on First Quantum Minerals from C$12.00 to C$18.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. TD Securities lifted their target price on shares of First Quantum Minerals from C$17.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Scotiabank lowered their target price on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of C$16.96.

First Quantum Minerals Stock Performance

Shares of FM stock opened at C$18.27 on Friday. The firm’s 50 day moving average is C$14.31 and its 200 day moving average is C$14.89. The stock has a market capitalization of C$15.23 billion, a P/E ratio of -9.77, a PEG ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%.

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.