Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.00.
Several research analysts have weighed in on the stock. BMO Capital Markets lowered shares of First Quantum Minerals from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Morgan Stanley downgraded First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 8th. The Goldman Sachs Group started coverage on First Quantum Minerals in a research note on Tuesday, May 21st. They set a “buy” rating on the stock. Finally, Citigroup raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th.
Check Out Our Latest Report on First Quantum Minerals
First Quantum Minerals Price Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last released its earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) EPS 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%. Sell-side analysts expect that First Quantum Minerals will post -0.25 earnings per share 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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