FY2024 EPS Estimates for OTCMKTS:FQVLF Lifted by Analyst

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stifel Canada increased their FY2024 earnings per share (EPS) estimates for shares of First Quantum Minerals in a report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the basic materials company will post earnings of ($0.05) per share for the year, up from their previous estimate of ($0.10). The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.06) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at ($0.16) EPS and FY2026 earnings at $0.35 EPS.

FQVLF has been the subject of a number of other research reports. Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

First Quantum Minerals Trading Down 2.7 %

Shares of FQVLF opened at $12.25 on Monday. The firm’s fifty day moving average is $13.42 and its two-hundred day moving average is $12.89. The stock has a market cap of $10.22 billion, a PE ratio of -5.49, a price-to-earnings-growth ratio of 42.06 and a beta of 1.50. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 52-week low of $8.22 and a 52-week high of $15.23.

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.