Scotiabank Has Negative Estimate for TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Analysts at Scotiabank dropped their FY2025 EPS estimates for shares of First Quantum Minerals in a research report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn ($0.69) per share for the year, down from their prior estimate of ($0.59). Scotiabank has a “Sector Perform” rating and a $21.50 price target on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter last year, the company posted ($0.37) earnings per share.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their price target on First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. Jefferies Financial Group decreased their price target on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Barclays dropped their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their target price for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at C$22.65 on Monday. The stock has a market cap of C$12.86 billion, a price-to-earnings ratio of -8.37, a PEG ratio of -1.28 and a beta of 1.73. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The business has a 50-day simple moving average of C$19.14 and a 200 day simple moving average of C$18.58. First Quantum Minerals has a 52 week low of C$13.30 and a 52 week high of C$23.28.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Simon John Scott purchased 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of C$17.23 per share, with a total value of C$430,842.13. 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.