Analysts Set Expectations for OTCMKTS:FQVLF Q4 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Investment analysts at National Bank Financial boosted their Q4 2024 EPS estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Thursday, January 16th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.06. The consensus estimate for First Quantum Minerals' current full-year earnings is ($0.07) per share.

FQVLF has been the topic of a number of other reports. Barclays raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, First Quantum Minerals has an average rating of "Moderate Buy" and an average price target of $16.00.

First Quantum Minerals Stock Performance

Shares of FQVLF stock traded up $0.17 during mid-day trading on Monday, reaching $13.16. The stock had a trading volume of 180,721 shares, compared to its average volume of 175,312. First Quantum Minerals has a 1-year low of $8.22 and a 1-year high of $15.23. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of -5.90, a PEG ratio of 29.59 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. The business's fifty day moving average is $13.42 and its 200-day moving average is $12.91.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly 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 net margin of 32.41% and a negative return on equity of 2.69%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion.

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.