Recent Research Analysts’ Ratings Updates for First Quantum Minerals (FQVLF)

A number of research firms have changed their ratings and price targets for First Quantum Minerals (OTCMKTS: FQVLF):

• 7/15/2026 – First Quantum Minerals had its “overweight” rating reaffirmed by Barclays PLC.
• 7/15/2026 – First Quantum Minerals had its “positive” rating reaffirmed by Citigroup Inc..
• 7/14/2026 – First Quantum Minerals was upgraded by TD Securities from “hold” to “buy”.
• 7/8/2026 – First Quantum Minerals had its “overweight” rating reaffirmed by Morgan Stanley.
• 6/15/2026 – First Quantum Minerals had its “outperform” rating reaffirmed by Scotiabank.
• 6/3/2026 – First Quantum Minerals was upgraded by Deutsche Bank Aktiengesellschaft from “hold” to “buy”.
• 5/18/2026 – First Quantum Minerals was upgraded by Morgan Stanley from “overweight” to “overweight”.

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.