FY2025 EPS Estimates for TSE:FM Increased by Analyst

First Quantum Minerals Ltd. (TSE:FM) – National Bank Financial boosted their FY2025 earnings estimates for shares of First Quantum Minerals in a report released on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now expects that the company will earn $0.70 per share for the year, up from their prior estimate 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.

Several other research analysts also recently commented on FM. Eight Capital lifted their price objective on First Quantum Minerals from C$17.00 to C$22.00 in a report on Thursday, July 11th. Scotiabank lifted their price target on First Quantum Minerals from C$17.00 to C$18.50 and gave the stock a “sector perform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased 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 note on Thursday. Barclays cut their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group upped their price target on shares of First Quantum Minerals from C$22.00 to C$25.00 in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals has an average rating of “Hold” and a consensus price target of C$20.83.

First Quantum Minerals Price Performance

The stock has a 50 day simple moving average of C$17.15 and a two-hundred day simple moving average of C$17.14. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 52-week low of C$9.31 and a 52-week high of C$28.80. The stock has a market cap of C$15.77 billion, a PE ratio of -7.58, a PEG ratio of -1.28 and a beta of 1.73.

Insiders Place Their Bets

In related news, Senior Officer Zenon Wozniak sold 6,323 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total transaction of C$117,165.19. In other First Quantum Minerals news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were 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 First Quantum Minerals stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$18.53, for a total transaction of C$117,165.19. 19.35% of the stock is currently owned by company 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.