Scotiabank Weighs in on OTCMKTS:FQVLF FY2024 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Research analysts at Scotiabank upped their FY2024 earnings per share estimates for First Quantum Minerals in a research note issued 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.

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

Separately, Barclays upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $16.00.

First Quantum Minerals Stock Down 1.2 %

Shares of FQVLF traded down $0.17 on Friday, hitting $13.69. 275,231 shares of the stock traded hands, compared to its average volume of 187,905. First Quantum Minerals has a one year low of $8.22 and a one year high of $15.23. The company has a market capitalization of $11.42 billion, a PE ratio of -6.14 and a beta of 1.50. The business has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $12.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80.

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.