Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.61.
Several brokerages recently commented on FQVLF. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 4th. Raymond James raised their price target on shares of First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. BMO Capital Markets cut shares of First Quantum Minerals from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Finally, The Goldman Sachs Group assumed coverage on shares of First Quantum Minerals in a report on Tuesday, May 21st. They issued a “buy” rating for the company.
Read Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Trading Up 1.7 %
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $931.34 million. First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%. On average, equities analysts forecast that First Quantum Minerals will post -0.15 EPS for the current fiscal year.
About First Quantum Minerals
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.
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