FY2024 EPS Estimates for OTCMKTS:FQVLF Raised by Analyst

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stifel Canada upped their FY2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings per share of ($0.05) for the year, up from their previous forecast of ($0.10). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.06) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.16) EPS and FY2026 earnings at $0.35 EPS.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

First Quantum Minerals Stock Performance

Shares of OTCMKTS FQVLF opened at $13.16 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. The stock has a 50 day moving average price of $13.43 and a 200 day moving average price of $12.90. The stock has a market capitalization of $10.98 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 42.06 and a beta of 1.50. First Quantum Minerals has a 52 week low of $8.22 and a 52 week high of $15.23.

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.