Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company.
A number of equities analysts recently weighed in on FQVLF shares. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Zacks Research downgraded First Quantum Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th.
Get Our Latest Stock Report on FQVLF
First Quantum Minerals Stock Performance
Shares of OTCMKTS FQVLF opened at $26.01 on Friday. 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 capitalization of $21.70 billion, a price-to-earnings ratio of -236.45 and a beta of 1.40. The stock’s fifty day simple moving average is $30.95 and its 200 day simple moving average is $28.78. First Quantum Minerals has a 52-week low of $19.17 and a 52-week high of $35.48.
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last announced its earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.40 billion. As a group, sell-side analysts forecast that First Quantum Minerals will post 0.32 earnings per share for the current fiscal year.
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.
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