FY2024 EPS Estimates for OTCMKTS:FQVLF Lifted by Analyst

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Research analysts at National Bank Financial increased their FY2024 earnings per share estimates for First Quantum Minerals in a research report issued on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $0.00 per share for the year, up from their previous estimate of ($0.19). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.22) per share. National Bank Financial also issued estimates for First Quantum Minerals’ Q4 2024 earnings at $0.06 EPS and Q1 2025 earnings at $0.25 EPS.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.12. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.74%.

Separately, Morgan Stanley lowered First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.00.

First Quantum Minerals Stock Performance

OTCMKTS:FQVLF opened at $13.12 on Monday. The firm has a market capitalization of $10.95 billion, a PE ratio of -7.72 and a beta of 1.50. The stock’s fifty day moving average is $12.79 and its 200 day moving average is $12.68. First Quantum Minerals has a fifty-two week low of $6.92 and a fifty-two week high of $18.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.32 and a current ratio of 2.68.

About First Quantum Minerals

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.