Miner First Quantum Q2 adjusted EPS beats estimates

Overview

• First Quantum Q2 adjusted EPS beats analyst expectations, per LSEG data

• The miner's net earnings for Q2 2025 at $18 mln, $0.02 per share

• Co received approval for copper concentrate export at Cobre Panamá

Outlook

• Company maintains 2025 copper production guidance at 380,000 to 440,000 tonnes

• First Quantum reaffirms 2025 gold production of between 135,000 and 155,000 ounces

• Company maintains 2025 nickel production guidance at 15,000 to 25,000 tonnes

• The Kansanshi S3 Expansion project on schedule for first production in the second half of 2025

Result Drivers

• COPPER EXPORTS - Approval for copper concentrate export at Cobre Panamá contributed to higher copper sales volumes

• GOLD SALES - Higher gold sales volumes and realized prices boosted Q2 financial results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialty mining & metals peer group is "buy"

• Wall Street's median 12-month price target for First Quantum Minerals Ltd is C$24.00, about 1.4% below its July 22 closing price of C$24.33

• The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 79 three months ago

Press Release: ID:nGNE2Y8YVr