National Bank Financial Forecasts OTCMKTS:FQVLF Q4 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stock analysts at National Bank Financial raised their Q4 2024 earnings per share (EPS) estimates for First Quantum Minerals in a research report issued to clients and investors on Thursday, January 16th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.08 for the quarter, up from their previous forecast 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 quarterly 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. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%.

FQVLF has been the topic of a number of other reports. Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals has an average rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Stock Up 1.3 %

Shares of FQVLF opened at $13.16 on Monday. 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 has a 12 month low of $8.22 and a 12 month high of $15.23. The stock’s 50 day moving average is $13.42 and its two-hundred day moving average is $12.91. The firm has a market cap of $10.97 billion, a P/E ratio of -5.90, a PEG ratio of 29.59 and a beta of 1.50.

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.