Analysts Set Expectations for First Quantum Minerals Ltd.'s Q3 2024 Earnings (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Investment analysts at National Bank Financial issued their Q3 2024 earnings estimates for shares of First Quantum Minerals in a research note issued to investors on Wednesday, April 24th. National Bank Financial analyst S. Nagle anticipates that the basic materials company will post earnings per share of $0.19 for the quarter. The consensus estimate for First Quantum Minerals' current full-year earnings is ($0.12) per share. National Bank Financial also issued estimates for First Quantum Minerals' FY2025 earnings at $0.49 EPS.

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

FQVLF has been the topic of several other reports. Royal Bank of Canada upgraded shares of First Quantum Minerals from a "sector perform" rating to an "outperform" rating in a research report on Monday, March 4th. Raymond James increased their target price on First Quantum Minerals from $13.00 to $16.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals has an average rating of "Moderate Buy" and an average price target of $33.33.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded up $1.51 during trading hours on Friday, reaching $13.37. 617,468 shares of the company's stock were exchanged, compared to its average volume of 306,431. The company has a quick ratio of 0.93, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $29.79. The business has a fifty day moving average of $10.41 and a two-hundred day moving average of $11.10. The company has a market capitalization of $11.14 billion, a P/E ratio of -6.98 and a beta of 1.82.

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.