Scotiabank Has Negative Outlook for TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Scotiabank cut their FY2025 earnings per share (EPS) estimates for First Quantum Minerals in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of ($0.69) per share for the year, down from their previous estimate of ($0.59). Scotiabank has a “Sector Perform” rating and a $21.50 price objective on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

Several other research analysts have also issued reports on the company. TD Securities increased their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price target for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Barclays lowered their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Jefferies Financial Group reduced their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals has an average rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Price Performance

FM stock opened at C$22.84 on Monday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The company’s 50-day moving average is C$19.08 and its 200-day moving average is C$18.54. The stock has a market capitalization of C$12.96 billion, a PE ratio of -8.44, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$13.30 and a 1 year high of C$23.24.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter last year, the firm earned ($0.37) EPS.

Insider Activity

In other First Quantum Minerals news, Director Charles Kevin Mcarthur purchased 25,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Also, Director Simon John Scott acquired 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Company insiders own 19.35% of the company’s stock.

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.