National Bank Financial Weighs in on First Quantum Minerals Ltd.’s Q2 2024 Earnings (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities research analysts at National Bank Financial issued their Q2 2024 earnings per share estimates for First Quantum Minerals in a note issued to investors on Wednesday, April 24th. National Bank Financial analyst S. Nagle forecasts that the basic materials company will earn ($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.

Several other research analysts have also weighed in on FQVLF. Raymond James boosted their price objective on shares of First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and a consensus price target of $33.33.

First Quantum Minerals Stock Performance

OTCMKTS FQVLF opened at $13.37 on Monday. The firm has a market capitalization of $11.14 billion, a P/E ratio of -7.86 and a beta of 1.82. The company has a current ratio of 1.72, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.87. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $29.79.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported ($0.20) EPS 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 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.