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 researchers at National Bank Financial issued their Q3 2024 EPS estimates for First Quantum Minerals in a research report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle anticipates 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.

Other analysts also recently issued research reports about the stock. Raymond James lifted their price target on shares of First Quantum Minerals from $13.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at $13.37 on Friday. The company has a 50 day moving average price of $10.50 and a 200-day moving average price of $11.04. 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 has a fifty-two week low of $6.92 and a fifty-two week high of $29.79. The company has a market capitalization of $11.14 billion, a PE ratio of -7.86 and a beta of 1.82.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $931.34 million.

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.