First Quantum Minerals Ltd. (FQVLF) – What Are Researchers Saying About This Stock?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company.

Separately, Zacks Research upgraded First Quantum Minerals from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th.

First Quantum Minerals Stock Down 2.5%

Shares of First Quantum Minerals stock traded down $0.58 during trading on Tuesday, reaching $22.67. The company’s stock had a trading volume of 240,859 shares, compared to its average volume of 236,827. First Quantum Minerals has a 1-year low of $19.52 and a 1-year high of $35.48. The company has a 50-day simple moving average of $27.51 and a two-hundred day simple moving average of $27.77. 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 company has a market cap of $18.91 billion, a price-to-earnings ratio of 113.34 and a beta of 1.33.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.86 billion. As a group, equities analysts forecast that First Quantum Minerals will post 0.16 earnings per share for the current year.

About First Quantum Minerals

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.