FY2024 EPS Estimates for OTCMKTS:FQVLF Lifted by Analyst

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities research analysts at Stifel Canada upped their FY2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a report released on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings of ($0.10) per share for the year, up from their prior 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.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data 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. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%.

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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Trading Down 6.2 %

Shares of FQVLF stock opened at $12.33 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. The firm has a market cap of $10.29 billion, a P/E ratio of -5.53 and a beta of 1.50. The company has a 50 day moving average of $13.40 and a 200-day moving average of $12.83. First Quantum Minerals has a 12-month low of $7.75 and a 12-month high of $15.23.

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.