Scotiabank Estimates OTCMKTS:FQVLF FY2026 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Scotiabank lifted their FY2026 earnings estimates for shares of First Quantum Minerals in a report released on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings per share of $0.16 for the year, up from their prior forecast of ($0.14). Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.35 per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2027 earnings at $1.81 EPS.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.22). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%.

A number of other research firms also recently issued reports on FQVLF. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Morgan Stanley raised shares of First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $30.61 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $25.54 billion, a P/E ratio of -122.44 and a beta of 1.33. The stock’s fifty day simple moving average is $28.00 and its 200 day simple moving average is $26.98. First Quantum Minerals has a twelve month low of $15.15 and a twelve month high of $33.33.

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.