Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.61.
FQVLF has been the topic of several recent analyst reports. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Raymond James raised their price target on First Quantum Minerals from $13.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th.
View Our Latest Report on First Quantum Minerals
First Quantum Minerals Stock Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $931.34 million. First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%. Research 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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