First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Free Report) – Investment analysts at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for First Quantum Minerals in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings per share of ($0.05) for the year, up from their prior estimate of ($0.10). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.06) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.16) EPS and FY2026 earnings at $0.35 EPS.
Several other brokerages have also recently issued reports on FQVLF. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.
First Quantum Minerals Stock Down 4.3 %
Shares of OTCMKTS FQVLF opened at $12.59 on Monday. The company has a 50 day simple moving average of $13.43 and a 200 day simple moving average of $12.89. 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 1 year low of $8.22 and a 1 year high of $15.23. The firm has a market cap of $10.50 billion, a PE ratio of -5.65, a price-to-earnings-growth ratio of 42.06 and a beta of 1.50.
First Quantum Minerals Company Profile
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.
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