Scotiabank Expects Lower Earnings for First Quantum Minerals

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stock analysts at Scotiabank reduced their FY2027 EPS estimates for First Quantum Minerals in a research report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings per share of $1.72 for the year, down from their previous forecast of $1.78. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.82 per share.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%.

Several other research analysts have also recently issued reports on the stock. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of First Quantum Minerals in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals presently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Down 6.8%

First Quantum Minerals stock opened at $26.86 on Tuesday. The firm has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $25.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86. The stock has a market capitalization of $22.41 billion, a PE ratio of -671.50 and a beta of 1.40. First Quantum Minerals has a 12-month low of $11.79 and a 12-month high of $33.30.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.