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OTCMKTS:FQVLF FY2027 EPS Lowered by National Bank Financial

First Quantum Minerals logo with Basic Materials background

Key Points

  • National Bank Financial has decreased their FY2027 earnings per share (EPS) estimate for First Quantum Minerals to $1.47, down from $1.65.
  • The company reported earnings of $0.02 per share for the last quarter, exceeding analysts' expectations of ($0.03) by $0.05, with revenues of $1.23 billion compared to an expected $1.06 billion.
  • First Quantum Minerals currently holds an average rating of "Moderate Buy" with varied ratings from multiple research analysts, including upgrades to "strong-buy" from some firms.
  • Five stocks we like better than First Quantum Minerals.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Stock analysts at National Bank Financial reduced their FY2027 earnings per share (EPS) estimates for First Quantum Minerals in a report issued on Thursday, July 24th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $1.47 per share for the year, down from their prior forecast of $1.65. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.03 per share.

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

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

Read Our Latest Research Report on First Quantum Minerals

First Quantum Minerals Stock Up 1.6%

Shares of First Quantum Minerals stock traded up $0.27 on Monday, reaching $16.88. 9,872 shares of the company were exchanged, compared to its average volume of 198,199. First Quantum Minerals has a one year low of $10.18 and a one year high of $19.00. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 70.34 and a beta of 1.38. The company has a 50-day moving average of $16.45 and a 200 day moving average of $14.33. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 0.50.

First Quantum Minerals Company Profile

(Get Free Report)

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.

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