OTCMKTS:FQVLF FY2026 EPS Estimate Reduced by Scotiabank

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Scotiabank decreased their FY2026 earnings per share estimates for shares of First Quantum Minerals in a report released on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings per share of $0.05 for the year, down from their previous estimate of $0.16. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.29 per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2027 earnings at $1.50 EPS.

Other research analysts also recently issued research reports about the stock. Citigroup restated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $29.88 on Friday. The company has a 50 day moving average price of $28.53 and a 200-day moving average price of $27.24. First Quantum Minerals has a 52 week low of $15.60 and a 52 week high of $33.33. The firm has a market capitalization of $24.93 billion, a PE ratio of -271.64 and a beta of 1.36. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.40 billion. First Quantum Minerals had a negative return on equity of 2.28% and a negative net margin of 1.44%.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.