FY2024 EPS Estimates for OTCMKTS:FQVLF Boosted by Scotiabank

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Scotiabank upped their FY2024 earnings per share estimates for shares of First Quantum Minerals in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will earn ($0.11) per share for the year, up from their prior forecast of ($0.36). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.41) EPS.

Separately, Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.

First Quantum Minerals Stock Down 1.2 %

OTCMKTS FQVLF opened at $13.69 on Friday. The stock’s 50 day simple moving average is $13.45 and its 200 day simple moving average is $12.93. The firm has a market cap of $11.42 billion, a PE ratio of -6.14 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. First Quantum Minerals has a one year low of $8.22 and a one year high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%.

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.