First Quantum Minerals Ltd. (OTCMKTS:FQVLF) to Post Q2 2024 Earnings of ($0.04) Per Share, National Bank Financial Forecasts

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities researchers at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Wednesday, April 24th. National Bank Financial analyst S. Nagle forecasts that the basic materials company will post earnings of ($0.04) per share for the quarter. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.15) per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2024 earnings at ($0.04) EPS and FY2026 earnings at $1.90 EPS.

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

Several other brokerages have also recently weighed in on FQVLF. 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. Raymond James raised their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.33.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $12.98 on Monday. The company’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.74. The firm has a market capitalization of $10.82 billion, a P/E ratio of -7.64 and a beta of 1.82. First Quantum Minerals has a fifty-two week low of $6.92 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 0.93.

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.