FY2024 EPS Estimates for OTCMKTS:FQVLF Boosted by Scotiabank

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Scotiabank boosted their FY2024 EPS estimates for shares of First Quantum Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings per share of ($0.11) for the year, up from their previous forecast 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) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. The firm had revenue of $1.28 billion for 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 report on Tuesday, November 12th. Three 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 company’s stock. Based on data from MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Price Performance

FQVLF stock opened at $13.86 on Friday. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of -6.22 and a beta of 1.50. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 52-week low of $8.22 and a 52-week high of $15.23. The stock’s fifty day simple moving average is $13.44 and its 200-day simple moving average is $12.93.

First Quantum Minerals Company Profile

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.