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

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

FQVLF has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. 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. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th.

First Quantum Minerals Stock Down 6.4%

Shares of OTCMKTS FQVLF opened at $24.19 on Friday. The company has a fifty day moving average price of $30.45 and a 200 day moving average price of $28.81. 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 has a 1-year low of $19.17 and a 1-year high of $35.48.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm 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, equities analysts expect that First Quantum Minerals will post 0.23 EPS for the current year.

About First Quantum Minerals

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.