First Quantum Minerals Ltd. to Post Q3 2024 Earnings of $0.19 Per Share, National Bank Financial Forecasts (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities researchers at National Bank Financial issued their Q3 2024 earnings per share estimates for First Quantum Minerals in a research report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle anticipates that the basic materials company will post earnings of $0.19 per share for the quarter. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.14) per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.49 EPS.

A number of other research firms have also weighed in on FQVLF. Raymond James raised their target price on First Quantum Minerals from $13.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, First Quantum Minerals has a consensus rating of “Hold” and a consensus price target of $33.33.

First Quantum Minerals Stock Performance

FQVLF opened at $13.37 on Friday. First Quantum Minerals has a 1-year low of $6.92 and a 1-year high of $29.79. The company has a market cap of $11.14 billion, a price-to-earnings ratio of -7.86 and a beta of 1.82. The company’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.96. The company has a current ratio of 1.72, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06). First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $931.34 million.

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.