Desjardins Analysts Cut Earnings Estimates for OTCMKTS:FQVLF

Key Points

• Analysts at Desjardins have lowered their FY2025 earnings estimate for First Quantum Minerals from $0.41 to $0.18 per share.
• The stock received multiple ratings, with Barclays maintaining an "overweight" rating and BMO Capital Markets upgrading it to a "strong-buy," reflecting varying levels of investor confidence.
• First Quantum Minerals reported a quarterly earnings per share (EPS) of $0.02, exceeding analysts' expectations of -$0.03, with revenue hitting $1.23 billion.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Equities researchers at Desjardins reduced their FY2025 earnings per share estimates for shares of First Quantum Minerals in a research note issued on Wednesday, July 30th. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings of $0.18 per share for the year, down from their previous forecast of $0.41. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.03 per share. Desjardins also issued estimates for First Quantum Minerals' FY2026 earnings at $0.95 EPS.

Several other research firms also recently weighed in on FQVLF. Royal Bank Of Canada restated an "outperform" rating on shares of First Quantum Minerals in a report on Friday, July 25th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. Scotiabank restated a "sector perform" rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF traded up $0.11 during trading hours on Monday, hitting $16.81. 30,032 shares of the stock were exchanged, compared to its average volume of 199,536. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 2.00. First Quantum Minerals has a 1-year low of $10.18 and a 1-year high of $19.00. The company has a market cap of $14.02 billion, a PE ratio of 70.04 and a beta of 1.38. The company's fifty day simple moving average is $16.64 and its two-hundred day simple moving average is $14.44.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.06 billion. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%.

First Quantum Minerals Company Profile

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.