First Quantum Minerals Ltd. to Post Q2 2024 Earnings of $0.01 Per Share, Raymond James Forecasts (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Analysts at Raymond James upped their Q2 2024 EPS estimates for First Quantum Minerals in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the basic materials company will post earnings per share of $0.01 for the quarter, up from their prior forecast of ($0.04). Raymond James has a "Market Perform" rating and a $16.00 price objective on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is ($0.15) per share. Raymond James also issued estimates for First Quantum Minerals' Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.02 EPS.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.06). The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $931.34 million. First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%.

Separately, Royal Bank of Canada upgraded First Quantum Minerals from a "sector perform" rating to an "outperform" rating in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.33.

First Quantum Minerals Trading Up 1.8 %

FQVLF stock traded up $0.21 on Thursday, reaching $11.86. The company's stock had a trading volume of 205,733 shares, compared to its average volume of 302,405. The business has a fifty day simple moving average of $10.41 and a two-hundred day simple moving average of $11.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.72. The firm has a market cap of $9.89 billion, a PE ratio of -6.98 and a beta of 1.82. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $29.79.

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.