First Quantum Minerals Ltd. (TSE:FM) to Post Q4 2024 Earnings of $0.01 Per Share, Raymond James Forecasts

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Raymond James reduced their Q4 2024 earnings estimates for First Quantum Minerals in a research report issued to clients and investors on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. Raymond James also issued estimates for First Quantum Minerals’ FY2025 earnings at $1.01 EPS.

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

Several other analysts also recently commented on FM. Barclays increased their target price on shares of First Quantum Minerals from C$13.00 to C$16.00 and gave the company an “equal weight” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and increased their target price for the company from C$13.00 to C$18.00 in a report on Thursday, February 22nd. UBS Group set a C$16.00 target price on shares of First Quantum Minerals and gave the company a “neutral” rating in a report on Tuesday, January 16th. Morgan Stanley increased their target price on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus set a C$14.00 target price on shares of First Quantum Minerals and gave the company a “hold” rating in a report on Tuesday, March 26th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$16.02.

First Quantum Minerals Stock Performance

FM opened at C$15.96 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. The company’s fifty day moving average price is C$13.78 and its two-hundred day moving average price is C$15.57. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$39.13. The company has a market cap of C$13.30 billion, a price-to-earnings ratio of -8.53, a PEG ratio of -1.28 and a beta of 2.01.

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.