FY2025 EPS Estimates for OTCMKTS:FQVLF Lowered by Desjardins

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Equities researchers at Desjardins lowered their FY2025 EPS estimates for First Quantum Minerals in a research note issued to investors on Wednesday, April 23rd. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings per share of $0.41 for the year, down from their previous estimate of $1.03. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.03 per share. Desjardins also issued estimates for First Quantum Minerals' FY2026 earnings at $1.18 EPS and FY2027 earnings at $1.98 EPS.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%.

Several other brokerages have also recently commented on FQVLF. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a report on Friday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

First Quantum Minerals Stock Up 0.7 %

FQVLF stock opened at $13.86 on Monday. First Quantum Minerals has a 52 week low of $10.18 and a 52 week high of $16.23. The business has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $13.20. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49. The company has a market cap of $11.56 billion, a PE ratio of -693.00 and a beta of 1.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.