National Bank Financial Estimates OTCMKTS:FQVLF Q4 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stock analysts at National Bank Financial lifted their Q4 2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Thursday, January 16th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $0.08 per share for the quarter, up from their previous forecast of $0.06. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.07) per share.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four equities research 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 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 Performance

First Quantum Minerals stock opened at $13.16 on Monday. The stock’s 50 day moving average price is $13.42 and its 200 day moving average price is $12.91. The firm has a market capitalization of $10.97 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 29.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. 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 issued its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

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.