Stifel Canada Weighs in on OTCMKTS:FQVLF FY2024 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Stock analysts at Stifel Canada increased 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 expects that the basic materials company will earn ($0.10) per share for the year, up from their prior 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.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.12. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%.

Separately, Barclays upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Three equities 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, the company has a consensus rating of "Moderate Buy" and an average price target of $16.00.

First Quantum Minerals Stock Down 6.2 %

OTCMKTS:FQVLF traded down $0.81 during trading hours on Wednesday, hitting $12.33. The stock had a trading volume of 656,981 shares, compared to its average volume of 263,951. The company has a market cap of $10.29 billion, a PE ratio of -5.53 and a beta of 1.50. The business has a 50 day simple moving average of $13.42 and a two-hundred day simple moving average of $12.83. First Quantum Minerals has a 1-year low of $7.75 and a 1-year high of $15.23. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

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.