TSX:FMMetals and Mining
First Quantum Minerals (TSX:FM) Returns to Profitability, Net Margin Rebound Challenges Bearish Sentiment
First Quantum Minerals (TSX:FM) turned profitable over the past year, even though its five-year average shows earnings declining by 27.8% per year. Looking ahead, analysts forecast revenue growth of 22.7% annually and expect earnings to jump by 59.3% per year for the next three years, both well ahead of the Canadian market averages. With shares trading at CA$30.51, below the estimated fair value of CA$80.82, investors are focusing on the company’s rapid earnings turnaround, improved net...