First Quantum Minerals Ltd. Expected to Earn Q2 2024 Earnings of ($0.02) Per Share (OTCMKTS:FQVLF)

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Stock analysts at Stifel Canada issued their Q2 2024 earnings per share estimates for First Quantum Minerals in a research note issued to investors on Monday, July 22nd. Stifel Canada analyst C. Mcgill expects that the basic materials company will earn ($0.02) per share for the quarter. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.22) per share. Stifel Canada also issued estimates for First Quantum Minerals’ FY2025 earnings at $0.28 EPS.

Several other equities research analysts have also recently commented on FQVLF. The Goldman Sachs Group initiated coverage on First Quantum Minerals in a report on Tuesday, May 21st. They issued a “buy” rating for the company. BMO Capital Markets cut First Quantum Minerals from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Morgan Stanley cut First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Finally, Citigroup raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and an average price target of $32.50.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at $12.10 on Wednesday. The business has a 50 day simple moving average of $12.92 and a two-hundred day simple moving average of $11.43. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $29.79. The stock has a market capitalization of $10.09 billion, a P/E ratio of -7.12 and a beta of 1.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%.

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.