First Quantum Minerals Ltd. Expected to Post FY2024 Earnings of ($0.13) Per Share (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Raymond James increased their FY2024 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the basic materials company will post earnings of ($0.13) per share for the year, up from their previous forecast of ($0.15). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.28) per share. Raymond James also issued estimates for First Quantum Minerals’ Q4 2024 earnings at $0.06 EPS, Q1 2025 earnings at $0.05 EPS and FY2025 earnings at $1.06 EPS.

A number of other brokerages have also recently weighed in on FQVLF. Citigroup raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Morgan Stanley lowered First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.00.

First Quantum Minerals Trading Down 2.2 %

OTCMKTS:FQVLF opened at $14.06 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. First Quantum Minerals has a 1-year low of $6.92 and a 1-year high of $23.97. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of -8.46 and a beta of 1.51. The business’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $12.27.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 0.57%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.04 billion.

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.