TSE:FM Q4 EPS Estimate Raised by National Bank Financial

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at National Bank Financial raised their Q4 2024 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Thursday, January 16th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.12 per share for the quarter, up from their previous estimate of $0.08. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

A number of other analysts have also recently issued reports on FM. Royal Bank of Canada raised their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. National Bankshares lifted their price target on First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Thursday, October 24th. CIBC lifted their price target on First Quantum Minerals from C$18.00 to C$20.00 in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on First Quantum Minerals from C$18.00 to C$17.00 in a report on Monday. Finally, Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$21.13.

First Quantum Minerals Stock Up 4.7 %

TSE:FM opened at C$19.90 on Monday. 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 50-day simple moving average of C$19.10 and a 200 day simple moving average of C$17.94. The company has a market cap of C$16.60 billion, a PE ratio of -7.68, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52-week low of C$10.91 and a 52-week high of C$21.45.

Insider Buying and Selling

In related news, Director Simon John Scott acquired 1,397 shares of First Quantum Minerals stock in a transaction dated Tuesday, December 31st. The stock was purchased at an average cost of C$18.57 per share, for a total transaction of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 45,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.32, for a total transaction of C$914,400.00. 19.35% of the stock is owned by 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.