TSE:FM FY2025 EPS Boosted by National Bank Financial

First Quantum Minerals Ltd. (TSE:FM) – Equities researchers at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of First Quantum Minerals in a report issued on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.70 per share for the year, up from their previous forecast 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, topping the consensus estimate of C($0.05) by C$0.02. The company had revenue of C$1.68 billion for the quarter, compared to the consensus estimate of C$1.42 billion. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%.

A number of other research firms have also recently issued reports on FM. Royal Bank of Canada boosted 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 report on Thursday, July 25th. CIBC boosted their price objective on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday. Morgan Stanley boosted their price objective on First Quantum Minerals from C$19.40 to C$20.20 in a research report on Thursday, September 19th. Finally, Barclays lowered their price objective on First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and an average price target of C$20.83.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$18.51 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 67.00. The business’s 50 day moving average is C$17.15 and its two-hundred day moving average is C$17.14. The company has a market cap of C$15.44 billion, a P/E ratio of -7.15, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$30.68.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s 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. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the 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. Also, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. 19.35% of the stock is currently owned by corporate insiders.

About First Quantum Minerals

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.