OTCMKTS:FQVLF Q3 EPS Decreased by National Bank Financial

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities research analysts at National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of ($0.04) for the quarter, down from their previous forecast of $0.15. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.23) per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2024 earnings at ($0.19) EPS and FY2025 earnings at $0.47 EPS.

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

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $13.25 on Thursday. The business’s 50-day simple moving average is $12.60 and its 200 day simple moving average is $12.58. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of -7.79 and a beta of 1.50. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $22.86. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%.

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.