First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Free Report) – Stock analysts at Stifel Canada boosted their FY2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report 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 upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.
First Quantum Minerals Trading Down 1.5 %
Shares of OTCMKTS:FQVLF opened at $12.15 on Wednesday. The business’s 50 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 firm has a market capitalization 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.02 by $0.12. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%.
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.
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