What is Scotiabank’s Forecast for TSE:FM FY2025 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at Scotiabank dropped their FY2025 earnings estimates for shares of First Quantum Minerals in a research report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.69) per share for the year, down from their prior estimate of ($0.59). Scotiabank currently has a “Sector Perform” rating and a $21.50 target price on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned ($0.37) EPS.

Other research analysts also recently issued research reports about the stock. TD Securities boosted their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of First Quantum Minerals from C$23.00 to C$24.00 in a report on Wednesday, January 8th. Jefferies Financial Group reduced their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Finally, Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$21.57.

First Quantum Minerals Price Performance

Shares of FM opened at C$22.65 on Monday. The firm has a market cap of C$12.86 billion, a PE ratio of -8.37, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 52-week low of C$13.30 and a 52-week high of C$23.28. The business’s 50 day moving average price is C$19.14 and its two-hundred day moving average price is C$18.58. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

Insider Activity

In related news, Senior Officer Zenon Wozniak sold 40,000 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of the stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. 19.35% of the stock is currently owned by corporate insiders.

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.