Q4 2024 EPS Estimates for First Quantum Minerals Ltd. Reduced by Analyst (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Research analysts at Raymond James lowered their Q4 2024 earnings estimates for First Quantum Minerals in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the basic materials company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.04. Raymond James currently has a “Market Perform” rating and a $16.00 price target on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.14) per share.

Separately, Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy” and an average price target of $33.33.

First Quantum Minerals Price Performance

FQVLF opened at $11.35 on Monday. The company’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $11.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.72. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $29.79. The stock has a market capitalization of $9.46 billion, a PE ratio of -8.22 and a beta of 1.82.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.21). First Quantum Minerals had a positive return on equity of 2.19% and a negative net margin of 14.78%. The company had revenue of $1.22 billion during the quarter.

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.