First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

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

First Quantum Minerals Stock Performance

Shares of OTCMKTS FQVLF opened at $23.25 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.90. First Quantum Minerals has a fifty-two week low of $19.52 and a fifty-two week high of $35.48. The business has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $27.81.

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 analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.86 billion. First Quantum Minerals had a negative return on equity of 0.03% and a net margin of 2.65%. Sell-side analysts predict that First Quantum Minerals will post 0.16 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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.