Q2 2024 Earnings Forecast for First Quantum Minerals Ltd. Issued By National Bank Financial (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at National Bank Financial issued their Q2 2024 earnings per share (EPS) estimates for First Quantum Minerals in a report issued on Wednesday, April 24th. National Bank Financial analyst S. Nagle anticipates 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 released its quarterly earnings data 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 positive return on equity of 0.26% and a negative net margin of 20.02%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $931.34 million.

Several other equities analysts also recently issued reports on FQVLF. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th. Raymond James boosted their price target on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research 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. According to MarketBeat.com, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target of $33.33.

First Quantum Minerals Price Performance

Shares of FQVLF opened at $13.37 on Monday. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 0.93. The stock has a fifty day moving average price of $10.50 and a 200 day moving average price of $10.87. The company has a market cap of $11.14 billion, a P/E ratio of -7.86 and a beta of 1.82.

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.