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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. Finally, Zacks Research lowered shares of First Quantum Minerals from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $25.73 on Friday. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of -233.91 and a beta of 1.40. The stock’s 50-day moving average is $30.71 and its 200-day moving average is $28.80. First Quantum Minerals has a one year low of $19.17 and a one year 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) last posted its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.40 billion. First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. Equities analysts predict 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.