Research Analysts Set Expectations for First Quantum Minerals Ltd.’s FY2021 Earnings (TSE:FM)

First Quantum Minerals Ltd. (TSE:FM) – Jefferies Financial Group lowered their FY2021 earnings per share (EPS) estimates for First Quantum Minerals in a research note issued on Wednesday, September 22nd. Jefferies Financial Group analyst C. Lafemina now anticipates that the company will earn $1.68 per share for the year, down from their prior forecast of $1.75. Jefferies Financial Group has a “NA” rating and a $40.00 price objective on the stock.

FM has been the topic of several other research reports. CIBC reaffirmed an “outperform” rating and issued a C$38.50 price objective on shares of First Quantum Minerals in a research note on Tuesday, August 3rd. National Bank Financial decreased their target price on shares of First Quantum Minerals from C$37.50 to C$36.50 and set an “outperform” rating for the company in a report on Friday, September 10th. National Bankshares decreased their target price on shares of First Quantum Minerals from C$37.50 to C$36.50 and set an “outperform” rating for the company in a report on Friday, September 10th. Raymond James decreased their target price on shares of First Quantum Minerals to C$38.00 and set a “neutral” rating for the company in a report on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of First Quantum Minerals from C$31.00 to C$30.00 in a report on Friday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Hold” and an average price target of C$33.32.

Shares of FM opened at C$22.89 on Thursday. The firm’s 50 day moving average is C$24.89 and its 200-day moving average is C$26.82. The stock has a market capitalization of C$15.82 billion and a P/E ratio of 38.60. The company has a debt-to-equity ratio of 94.39, a current ratio of 1.67 and a quick ratio of 1.01. First Quantum Minerals has a 12-month low of C$11.25 and a 12-month high of C$35.07.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, July 27th. The company reported C$0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.31 by C($0.06). The business had revenue of C$2.27 billion for the quarter, compared to analysts’ expectations of C$2.26 billion.

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 21st. Stockholders of record on Monday, August 30th were issued a $0.005 dividend. This represents a dividend yield of 0.02%. The ex-dividend date was Friday, August 27th. First Quantum Minerals’s payout ratio is presently 1.33%.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. 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 holds 100% interests in the Ravensthorpe nickel and cobalt mine in Australia; the Sentinel copper project in North Western Province of Zambia; the Las Cruces copper mine in Spain; the Guelb Moghrein copper-gold mine in Mauritania; the Pyhäsalmi copper, pyrite, zinc mine in Finland; and the Ãayeli copper-zinc mine in Turkey.

Read More: How does the Beige Book influence monetary policy?

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

Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.