First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Average Rating of “Buy” from Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company.

FQVLF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a report on Monday, June 15th. Finally, Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th.

First Quantum Minerals Price Performance

FQVLF opened at $32.17 on Monday. The firm has a market cap of $26.84 billion, a price-to-earnings ratio of -292.45 and a beta of 1.40. First Quantum Minerals has a fifty-two week low of $19.17 and a fifty-two week high of $35.48. The company’s 50-day moving average price is $30.89 and its 200 day moving average price is $28.18. 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) last issued its earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.40 billion. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.29%. As a group, sell-side analysts expect that First Quantum Minerals will post 0.32 earnings per share for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canadian mining and metals company focused primarily on the exploration, development and production of copper. The company also produces other byproducts, including gold, silver and nickel, depending on the characteristics of its mining operations.

First Quantum’s principal operating assets have included the Kansanshi and Sentinel copper mines in Zambia, along with the Cobre Panama copper mine in Panama. Cobre Panama has been subject to a government-ordered suspension since late 2023, while the company continues to focus on its operating assets, development projects and broader portfolio in jurisdictions including Africa, Australia and the Americas.

Founded in 1996 and headquartered in Vancouver, British Columbia, First Quantum has grown through the development and acquisition of large-scale international mining projects.