OTCMKTS:FQVLF FY2024 EPS Estimate Increased by Stifel Canada

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stock analysts at Stifel Canada upped their FY2024 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings of ($0.10) per share for the year, up from their prior forecast of ($0.20). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.12) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.28 EPS and FY2027 earnings at $1.04 EPS.

Separately, Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

First Quantum Minerals Stock Performance

OTCMKTS:FQVLF opened at $13.07 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. The firm has a market cap of $10.90 billion, a PE ratio of -5.86 and a beta of 1.50. The firm has a 50 day simple moving average of $13.42 and a 200-day simple moving average of $12.83. First Quantum Minerals has a 1-year low of $7.72 and a 1-year high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.12. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%.

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.