Q4 2024 Earnings Forecast for First Quantum Minerals Ltd. Issued By Raymond James (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Raymond James dropped their Q4 2024 EPS estimates for shares of First Quantum Minerals in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.04. Raymond James has a “Market Perform” rating and a $16.00 price objective on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.14) per share.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). The company had revenue of $1.22 billion during the quarter. First Quantum Minerals had a positive return on equity of 2.19% and a negative net margin of 14.78%.

Separately, Royal Bank of Canada upgraded shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, First Quantum Minerals presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

First Quantum Minerals Stock Up 0.4 %

OTCMKTS FQVLF opened at $11.63 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 0.93. The company’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $11.17. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $29.79. The company has a market capitalization of $9.69 billion, a P/E ratio of -8.43 and a beta of 1.82.

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.