OTCMKTS:FQVLF FY2024 EPS Forecast Lifted by Stifel Canada

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Stifel Canada upped their FY2024 earnings estimates for shares of First Quantum Minerals in a research note issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the basic materials company will post earnings of ($0.10) per share for the year, up from their previous forecast of ($0.20). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.12) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.28 EPS and FY2027 earnings at $1.04 EPS.

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

First Quantum Minerals Stock Down 1.5 %

Shares of FQVLF stock opened at $12.15 on Wednesday. The stock’s fifty day moving average price is $13.39 and its 200 day moving average price is $12.82. First Quantum Minerals has a 1-year low of $7.75 and a 1-year high of $15.23. The company has a market cap of $10.13 billion, a price-to-earnings ratio of -5.45 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 (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion.

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.