FY2026 EPS Estimates for OTCMKTS:FQVLF Reduced by Scotiabank

Key Points

• Scotiabank cut FY2026 EPS for First Quantum to $0.26 from $0.49 while maintaining an Outperform rating, a forecast well below the market consensus of $0.82 per share.
• Analyst sentiment is generally positive but mixed: UBS recently upgraded to Strong Buy, and across analysts there are 2 Strong Buy, 7 Buy and 4 Hold ratings, giving an average rating of "Moderate Buy."
• On recent results, First Quantum reported quarterly EPS of $0.01 (missing the $0.06 consensus) but beat revenue estimates at $1.48 billion versus $1.33 billion, and posted a slightly negative net margin (-0.53%).

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a research report issued to clients and investors on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $0.26 per share for the year, down from their prior forecast of $0.49. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.82 per share.

A number of other equities research analysts also recently issued reports on the company. 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 reissued a "hold" rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. Raymond James Financial reissued a "market perform" rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. Finally, TD Securities restated a "hold" rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

First Quantum Minerals Price Performance

Shares of OTCMKTS:FQVLF opened at $26.86 on Wednesday. The business has a fifty day simple moving average of $25.90 and a 200-day simple moving average of $25.13. First Quantum Minerals has a 52 week low of $11.79 and a 52 week high of $33.30. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The company has a market cap of $22.41 billion, a P/E ratio of -671.50 and a beta of 1.40.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%.

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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