Scotiabank Analysts Cut Earnings Estimates for OTCMKTS:FQVLF

Key Points

• Scotiabank cut FY2026 EPS for First Quantum from $0.52 to $0.49 while maintaining an "Outperform" rating and projecting FY2027 EPS of $1.78 (consensus current full‑year estimate is $0.03).
• Recent quarter missed on EPS, reporting $0.01 versus a $0.06 consensus while beating revenue at $1.48 billion; the company showed a negative net margin (-0.53%) but a small positive return on equity (0.07%).
• Analyst sentiment is mixed but tilted positive — MarketBeat lists an average rating of "Moderate Buy" (3 Strong Buy, 7 Buy, 5 Hold), and the stock has a market cap of about $17.6 billion with a 12‑month range of $10.18–$33.30.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) - Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of First Quantum Minerals in a research note issued on Thursday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $0.49 per share for the year, down from their previous forecast of $0.52. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.03 per share. Scotiabank also issued estimates for First Quantum Minerals' FY2027 earnings at $1.78 EPS.

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 firm 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%.

A number of other research firms have also recently weighed in on FQVLF. TD Securities restated a "hold" rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Raymond James Financial reaffirmed a "market perform" rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. UBS Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 12th. Morgan Stanley restated an "overweight" rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a "buy" rating to a "hold" rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $21.08 on Monday. The company has a market cap of $17.59 billion, a P/E ratio of -527.00 and a beta of 1.27. The firm has a fifty day moving average price of $27.41 and a 200 day moving average price of $24.25. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. First Quantum Minerals has a 12 month low of $10.18 and a 12 month high of $33.30.

About First Quantum Minerals

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.