First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report)’s stock price rose 7.6% during trading on Tuesday. The company traded as high as $24.95 and last traded at $24.95. Approximately 1,543 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 277,709 shares. The stock had previously closed at $23.19.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FQVLF. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Finally, Zacks Research raised First Quantum Minerals from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on FQVLF
First Quantum Minerals Trading Down 2.6%
The company’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $27.90. The firm has a market cap of $20.10 billion, a PE ratio of 120.50 and a beta of 1.33. The company has a quick ratio of 1.03, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $1.86 billion. First Quantum Minerals had a net margin of 2.65% and a negative return on equity of 0.03%. As a group, sell-side analysts forecast that First Quantum Minerals Ltd. will post 0.17 EPS for the current year.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. is a Canadian mining company focused primarily on the exploration, development, and production of copper. Its products also include nickel, gold, and other metals produced alongside its copper operations. The company’s principal mining operations include the Kansanshi and Sentinel copper mines in Zambia. It has also developed and operated mines in other countries, including Panama, where its Cobre Panama mine was suspended in 2023 following government action. Founded in 1996, First Quantum has grown into an international mining company with a history of operating across Africa and Latin America.
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