First Quantum Minerals Ltd. Forecasted to Post Q2 2024 Earnings of ($0.04) Per Share (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Research analysts at National Bank Financial issued their Q2 2024 earnings estimates for First Quantum Minerals in a report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle expects 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 issued 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). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $931.34 million. First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%.

A number of other brokerages also recently commented on FQVLF. 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. Raymond James boosted their target price on shares of First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.33.

First Quantum Minerals Stock Down 3.8 %

OTCMKTS:FQVLF opened at $12.86 on Monday. First Quantum Minerals has a 1-year low of $6.92 and a 1-year high of $29.79. The company has a 50-day moving average of $10.58 and a 200 day moving average of $10.80. The firm has a market cap of $10.72 billion, a PE ratio of -7.56 and a beta of 1.82. 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.