National Bank Financial Forecasts OTCMKTS:FQVLF Q4 Earnings

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

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Trading Up 1.3 %

Shares of FQVLF stock opened at $13.16 on Monday. The business’s 50 day moving average is $13.42 and its two-hundred day moving average is $12.91. First Quantum Minerals has a twelve month low of $8.22 and a twelve month high of $15.23. The company has a market capitalization of $10.97 billion, a P/E ratio of -5.90, a price-to-earnings-growth ratio of 29.59 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

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.