OTCMKTS:FQVLF FY2024 EPS Raised by National Bank Financial

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Stock analysts at National Bank Financial upped their FY2024 earnings per share estimates for First Quantum Minerals in a research note issued to investors on Wednesday, October 23rd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.00 per share for the year, up from their previous forecast of ($0.19). The consensus estimate for First Quantum Minerals' current full-year earnings is ($0.22) per share. National Bank Financial also issued estimates for First Quantum Minerals' Q4 2024 earnings at $0.06 EPS and Q1 2025 earnings at $0.25 EPS.

Separately, Morgan Stanley cut First Quantum Minerals from an "overweight" rating to an "equal weight" rating in a research note on Monday, July 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.00.

First Quantum Minerals Stock Down 2.5 %

OTCMKTS:FQVLF traded down $0.34 during trading hours on Monday, reaching $13.33. 181,686 shares of the company traded hands, compared to its average volume of 266,089. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $18.97. The business's 50-day moving average price is $12.77 and its two-hundred day moving average price is $12.66. The company has a current ratio of 2.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $11.12 billion, a P/E ratio of -5.98 and a beta of 1.50.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data 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. The business 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 2.74% and a negative net margin of 32.41%.

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.