FY2026 EPS Estimates for OTCMKTS:FQVLF Cut by Scotiabank

Key Points

• Scotiabank cut FY2026 EPS for First Quantum to ($0.14) from $0.26 while maintaining an Outperform rating; the bank projects FY2027 EPS of $1.35 versus a market consensus of $0.59 for FY2026.
• First Quantum missed quarterly EPS with ($0.18) versus a $0.04 consensus despite revenue of $1.40 billion beating estimates, and reported negative return on equity and net margin.
• Shares fell about 4.4% to open at $22.80; the company has a roughly $19.0 billion market cap, a negative P/E, and a consensus analyst rating of Moderate Buy.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Scotiabank cut their FY2026 earnings per share estimates for shares of First Quantum Minerals in a research note issued to investors on Friday, May 1st. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of ($0.14) per share for the year, down from their previous forecast of $0.26. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.59 per share. Scotiabank also issued estimates for First Quantum Minerals' FY2027 earnings at $1.35 EPS.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share 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 analyst estimates of $1.36 billion. First Quantum Minerals had a negative return on equity of 1.21% and a negative net margin of 3.69%.

FQVLF has been the topic of several other research reports. TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. UBS Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of First Quantum Minerals in a research note on Wednesday, April 15th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a research note on Monday. Finally, Raymond James Financial reiterated a "market perform" rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

First Quantum Minerals Stock Down 4.4%

OTCMKTS:FQVLF opened at $22.80 on Tuesday. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of -91.20 and a beta of 1.26. First Quantum Minerals has a twelve month low of $12.67 and a twelve month high of $33.30. The stock's 50 day moving average price is $25.78 and its two-hundred day moving average price is $25.27. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44.

First Quantum Minerals Company Profile

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.

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