Scotiabank Comments on OTCMKTS:FQVLF FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for First Quantum Minerals to $0.13 from $0.05, while projecting FY2027 EPS of $1.57. The revised FY2026 estimate remains below the broader consensus of $0.25.
• First Quantum reported a quarterly loss of $0.13 per share, missing the $0.07 loss expected by analysts, although revenue of $1.52 billion exceeded estimates of $1.40 billion.
• Analyst sentiment is broadly positive, with MarketBeat assigning the stock a “Moderate Buy” consensus rating; shares were recently trading at $26.33, up 0.6%.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Investment analysts at Scotiabank lifted their FY2026 earnings estimates for shares of First Quantum Minerals in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings per share of $0.13 for the year, up from their previous forecast of $0.05. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.25 per share. Scotiabank also issued estimates for First Quantum Minerals' FY2027 earnings at $1.57 EPS.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.40 billion.

FQVLF has been the subject of several other reports. Citigroup reiterated a "positive" rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Morgan Stanley restated an "overweight" rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. TD Securities upgraded shares of First Quantum Minerals from a "hold" rating to a "buy" rating in a report on Tuesday, July 14th. Finally, Zacks Research lowered shares of First Quantum Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

First Quantum Minerals Trading Up 0.6%

Shares of First Quantum Minerals stock opened at $26.33 on Friday. First Quantum Minerals has a 1 year low of $19.17 and a 1 year high of $35.48. The company's fifty day simple moving average is $31.05 and its 200-day simple moving average is $28.76. The company has a market cap of $21.96 billion, a price-to-earnings ratio of -239.36 and a beta of 1.40. The company has a current ratio of 1.90, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canadian mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and zinc as part of its mining activities and sells concentrates and other mineral products to customers in international markets.

First Quantum's principal operations have included the Kansanshi and Sentinel copper mines in Zambia, the Ravensthorpe nickel operation in Western Australia and the Cobre Panama copper mine in Panama.

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