Scotiabank Weighs in on OTCMKTS:FQVLF FY2027 Earnings

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) – Analysts at Scotiabank reduced their FY2027 earnings estimates for shares of First Quantum Minerals in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will earn $1.31 per share for the year, down from their prior estimate of $1.57. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.17 per share.

Other research analysts also recently issued reports about the company. Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Zacks Research raised First Quantum Minerals from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $22.87 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.03. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 114.35 and a beta of 1.33. The stock’s 50-day moving average is $28.63 and its 200-day moving average is $27.95. First Quantum Minerals has a one year low of $19.52 and a one year high of $35.48.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results 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 negative return on equity of 0.03% and a net margin of 2.65%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

About First Quantum Minerals

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.