Research Analysts Issue Forecasts for First Quantum Minerals Ltd.’s FY2022 Earnings (TSE:FM)

First Quantum Minerals Ltd. (TSE:FMGet Rating) – Equities researchers at National Bank Financial decreased their FY2022 earnings per share estimates for First Quantum Minerals in a report released on Monday, April 18th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $4.83 per share for the year, down from their prior forecast of $5.11. National Bank Financial also issued estimates for First Quantum Minerals’ FY2023 earnings at $6.46 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James increased their price objective on shares of First Quantum Minerals from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of First Quantum Minerals from C$50.00 to C$53.00 in a research report on Wednesday, March 9th. Eight Capital increased their price objective on shares of First Quantum Minerals from C$40.00 to C$50.00 and gave the stock a “market perform” rating in a research report on Thursday. CIBC increased their price objective on shares of First Quantum Minerals from C$37.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Thursday, January 20th. Finally, Barclays raised their price target on shares of First Quantum Minerals from C$23.00 to C$27.00 and gave the company an “underperform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$39.27.

First Quantum Minerals stock opened at C$35.75 on Thursday. The firm has a 50 day simple moving average of C$39.37 and a 200-day simple moving average of C$33.09. First Quantum Minerals has a 1-year low of C$20.67 and a 1-year high of C$45.38. The company has a debt-to-equity ratio of 80.46, a current ratio of 2.34 and a quick ratio of 1.48. The stock has a market cap of C$24.53 billion and a price-to-earnings ratio of 23.63.

First Quantum Minerals (TSE:FMGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The company reported C$0.55 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.65 by C($0.10). The business had revenue of C$2.60 billion for the quarter, compared to the consensus estimate of C$2.54 billion.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 6th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.005 per share. This represents a yield of 0.01%. The ex-dividend date is Wednesday, April 13th. First Quantum Minerals’s payout ratio is currently 0.53%.

In other First Quantum Minerals news, Director G. Clive Newall sold 2,551 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of C$42.50, for a total transaction of C$108,417.50. Following the transaction, the director now owns 2,193,461 shares in the company, valued at approximately C$93,222,092.50. Also, Senior Officer Hannes Meyer sold 31,765 shares of the business’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of C$35.78, for a total value of C$1,136,662.88. Following the transaction, the insider now owns 89,463 shares in the company, valued at approximately C$3,201,299.26. In the last ninety days, insiders sold 292,201 shares of company stock worth $11,371,329.

First Quantum Minerals Company Profile (Get Rating)

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, gold, silver, 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.

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Earnings History and Estimates for First Quantum Minerals (TSE:FM)

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