OTCMKTS:FQVLF FY2027 EPS Estimate Lowered by Desjardins

Key Points

• Analysts at Desjardins have reduced their FY2027 earnings estimate for First Quantum Minerals (OTCMKTS:FQVLF) to $1.95 per share, down from $1.98, and maintain a "Hold" rating.
• In their latest earnings report, First Quantum Minerals beat expectations by reporting an EPS of $0.02 against a consensus estimate of ($0.03) and generated revenue of $1.23 billion, exceeding predictions of $1.06 billion.
• First Quantum Minerals has received a mix of ratings from analysts, with five holding, three buying, and two strongly buying ratings, resulting in a consensus rating of "Moderate Buy."

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Research analysts at Desjardins dropped their FY2027 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 $1.95 per share for the year, down from their previous estimate of $1.98. 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 released its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.06 billion.

A number of other equities analysts have also commented on the company. Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research note on Monday, July 28th. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Finally, TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

OTCMKTS FQVLF traded down $0.09 during trading on Friday, hitting $16.96. The company's stock had a trading volume of 24,241 shares, compared to its average volume of 197,026. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $16.56 and a 200 day moving average price of $14.41. The firm has a market cap of $14.15 billion, a P/E ratio of 70.68 and a beta of 1.38. First Quantum Minerals has a 52 week low of $10.18 and a 52 week high of $19.00.

About First Quantum Minerals

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.