National Bank Financial Comments on First Quantum Minerals Ltd.’s Q3 2024 Earnings (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for First Quantum Minerals in a report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle expects that the company will earn $0.26 per share for the quarter. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.67 EPS.

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

A number of other analysts have also commented on FM. BMO Capital Markets decreased their price objective on First Quantum Minerals from C$17.50 to C$17.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Securities raised their price target on First Quantum Minerals from C$17.00 to C$18.00 and gave the stock a “hold” rating in a research note on Thursday. CIBC raised their price target on First Quantum Minerals from C$14.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Morgan Stanley raised their price target on First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, UBS Group set a C$16.00 price target on First Quantum Minerals and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$16.96.

First Quantum Minerals Trading Up 12.5 %

TSE:FM opened at C$18.27 on Friday. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.41 and a current ratio of 1.72. The stock has a market capitalization of C$15.23 billion, a price-to-earnings ratio of -9.77, a PEG ratio of -1.28 and a beta of 2.01. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13. The stock has a fifty day moving average price of C$14.31 and a two-hundred day moving average price of C$15.00.

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.