FY2024 EPS Estimates for OTCMKTS:FQVLF Lifted by Analyst

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for First Quantum Minerals in a research note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.03 per share for the year, up from their previous estimate of $0.02. The consensus estimate for First Quantum Minerals’ current full-year earnings is ($0.05) per share.

A number of other equities research analysts have also recently commented on the company. Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

First Quantum Minerals Trading Up 1.6 %

OTCMKTS FQVLF opened at $13.42 on Thursday. First Quantum Minerals has a 12 month low of $8.22 and a 12 month high of $15.23. The stock has a market cap of $11.20 billion, a P/E ratio of -6.02, a P/E/G ratio of 49.30 and a beta of 1.47. The stock’s fifty day moving average price is $13.33 and its 200-day moving average price is $12.88. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

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.