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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle forecasts that the basic materials company will post earnings per share of $0.19 for the quarter. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.12) per share. National Bank Financial also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.49 EPS.

FQVLF has been the topic of several other research reports. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th. Raymond James boosted their price target 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.33.

First Quantum Minerals Stock Up 12.7 %

Shares of First Quantum Minerals stock opened at $13.37 on Friday. The business’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $11.04. First Quantum Minerals has a 52-week low of $6.92 and a 52-week high of $29.79. The firm has a market cap of $11.14 billion, a PE ratio of -7.86 and a beta of 1.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.72.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $931.34 million.

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.