Brokers Offer Predictions for First Quantum Minerals Ltd.’s FY2024 Earnings (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Research analysts at Raymond James lifted their FY2024 EPS estimates for First Quantum Minerals in a research note issued on Monday, September 23rd. Raymond James analyst F. Hamed now anticipates 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.

Several other equities research analysts have also issued reports on the stock. Citigroup raised shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Morgan Stanley cut shares of First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.00.

First Quantum Minerals Stock Down 2.2 %

Shares of OTCMKTS FQVLF opened at $14.06 on Thursday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of -8.46 and a beta of 1.51. 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 12 month low of $6.92 and a 12 month high of $23.97. The stock has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $12.27.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion.

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.