Scotiabank Analysts Cut Earnings Estimates for OTCMKTS:FQVLF

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Investment analysts at Scotiabank lowered their FY2027 earnings estimates for shares of First Quantum Minerals in a research report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings per share of $1.31 for the year, down from their previous estimate of $1.57. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.17 per share.

A number of other analysts have also recently issued reports on the company. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Citigroup reissued a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Zacks Research upgraded First Quantum Minerals from a “strong sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $22.87 on Friday. The business’s 50 day moving average price is $28.63 and its two-hundred day moving average price is $27.95. The company has a market cap of $19.08 billion, a PE ratio of 114.35 and a beta of 1.33. The company has a quick ratio of 1.03, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. First Quantum Minerals has a twelve month low of $19.52 and a twelve month high of $35.48.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. First Quantum Minerals had a negative return on equity of 0.03% and a net margin of 2.65%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and other mineral products as by-products of its operations. Its copper production supports industries such as electrical equipment, construction, transportation and renewable energy.

First Quantum’s principal operating assets include the Kansanshi copper-gold mine and the Sentinel copper mine in Zambia. The company has also operated the Cobre Panamá copper mine in Panama, although operations there were suspended following government action and a legal dispute in late 2023.