First Quantum Minerals (OTCMKTS:FQVLF) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF) in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the basic materials company’s stock.

FQVLF has been the subject of several other reports. Royal Bank of Canada upgraded shares of First Quantum Minerals from a sector perform rating to an outperform rating in a report on Monday, March 4th. BMO Capital Markets cut shares of First Quantum Minerals from an outperform rating to a market perform rating in a research report on Tuesday. Finally, Raymond James upped their price target on shares of First Quantum Minerals from $13.00 to $16.00 and gave the company a market perform rating in a research report on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $33.33.

First Quantum Minerals Trading Up 3.0 %

Shares of OTCMKTS:FQVLF opened at $13.31 on Tuesday. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $29.79. The stock has a market cap of $11.09 billion, a PE ratio of -7.83 and a beta of 1.75. The business has a 50 day moving average of $12.03 and a 200-day moving average of $10.25. The company has a quick ratio of 0.93, a current ratio of 1.72 and a debt-to-equity ratio of 0.61.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06). First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $931.34 million. As a group, equities research analysts forecast that First Quantum Minerals will post -0.15 earnings per share for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.