Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $21.00.
A number of analysts have recently commented on FQVLF shares. BMO Capital Markets cut First Quantum Minerals from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group started coverage on First Quantum Minerals in a research report on Tuesday, May 21st. They issued a “buy” rating for the company. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, Morgan Stanley cut First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th.
Read Our Latest Stock Report on FQVLF
First Quantum Minerals Stock Down 3.3 %
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. As a group, sell-side analysts expect that First Quantum Minerals will post -0.23 EPS 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.
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