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

Posted by Joseph Casey on Apr 24th, 2024

First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Free Report) – Raymond James reduced their Q4 2024 earnings estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Wednesday, April 17th. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.04. Raymond James has a “Market Perform” rating and a $16.00 price objective on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.14) per share.

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

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

Get Our Latest Analysis on FQVLF

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $11.35 on Monday. The firm’s 50 day moving average price is $10.29 and its 200-day moving average price 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 one year low of $6.92 and a one year high of $29.79. The firm has a market cap of $9.46 billion, a P/E ratio of -8.22 and a beta of 1.82.

About First Quantum Minerals

(Get Free Report)

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.