First Quantum Minerals (OTCMKTS:FQVLF) Stock Rating Raised to “Hold” at Zacks Research

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

Other research analysts have also issued research reports about the company. TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on FQVLF

First Quantum Minerals Trading Down 3.6%

Shares of First Quantum Minerals stock opened at $22.87 on Wednesday. The business has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $27.95. First Quantum Minerals has a 12 month low of $19.52 and a 12 month high of $35.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.03.

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.86 billion. As a group, equities research analysts anticipate that First Quantum Minerals will post 0.17 EPS for the current year.

First Quantum Minerals Company Profile

(Get Free Report)

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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