FY2024 EPS Estimates for OTCMKTS:FQVLF Lifted by Scotiabank

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Investment analysts at Scotiabank lifted their FY2024 earnings per share estimates for First Quantum Minerals in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will earn ($0.11) per share for the year, up from their prior estimate of ($0.36). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.41) EPS.

Separately, Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Three research 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 company’s stock. According to data from MarketBeat, First Quantum Minerals presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Trading Up 0.4 %

OTCMKTS FQVLF opened at $13.86 on Friday. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of -6.22 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 has a 12 month low of $8.22 and a 12 month high of $15.23. The company’s fifty day moving average price is $13.44 and its two-hundred day moving average price is $12.93.

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

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.