First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company.
Several equities analysts have recently weighed in on the company. Morgan Stanley upgraded First Quantum Minerals from an “overweight” rating to an “overweight” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Monday. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th. Finally, UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th.
View Our Latest Report on FQVLF
First Quantum Minerals Price Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.22). First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities analysts expect that First Quantum Minerals will post 0.32 EPS for the current fiscal year.
About First Quantum Minerals
First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.
Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.
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