Scotiabank Brokers Cut Earnings Estimates for OTCMKTS:FQVLF

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Scotiabank cut their FY2026 EPS estimates for First Quantum Minerals in a note issued to investors on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will earn $0.26 per share for the year, down from their prior estimate of $0.49. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.80 per share.

A number of other equities analysts also recently issued reports on the stock. TD Securities reissued a “hold” rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Raymond James Financial reissued a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of First Quantum Minerals in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

FQVLF stock opened at $27.84 on Wednesday. First Quantum Minerals has a 1 year low of $12.31 and a 1 year high of $33.30. The company has a market cap of $23.22 billion, a P/E ratio of -695.97 and a beta of 1.40. The firm has a 50-day moving average of $25.91 and a 200 day moving average of $25.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86.

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

About First Quantum Minerals

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.