Scotiabank Estimates OTCMKTS:FQVLF FY2026 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Equities researchers at Scotiabank raised their FY2026 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings of $0.16 per share for the year, up from their prior estimate of $0.13. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.18 per share.

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

FQVLF has been the subject of several other research reports. Zacks Research lowered shares of First Quantum Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Citigroup reissued a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Up 3.4%

FQVLF opened at $23.65 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 118.25 and a beta of 1.33. First Quantum Minerals has a twelve month low of $19.17 and a twelve month high of $35.48. The company’s 50-day moving average price is $28.87 and its two-hundred day moving average price is $27.99.

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.