First Quantum Minerals (OTCMKTS:FQVLF) Upgraded at Zacks Research

Zacks Research upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a strong sell rating to a hold rating in a research report report published on Wednesday morning,Zacks reports.

Other equities analysts have also recently issued reports about the company. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Moderate Buy”.

First Quantum Minerals Price Performance

Shares of OTCMKTS:FQVLF opened at $23.19 on Wednesday. The firm has a market capitalization of $19.35 billion, a P/E ratio of 115.95 and a beta of 1.33. First Quantum Minerals has a 12 month low of $19.52 and a 12 month high of $35.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.03. The company’s fifty day moving average price is $28.40 and its 200 day moving average price is $27.92.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.86 billion. First Quantum Minerals had a net margin of 2.65% and a negative return on equity of 0.03%. As a group, sell-side analysts predict that First Quantum Minerals will post 0.17 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canadian mining company focused primarily on the exploration, development, and production of copper. Its products also include nickel, gold, and other metals produced alongside its copper operations.

The company’s principal mining operations include the Kansanshi and Sentinel copper mines in Zambia. It has also developed and operated mines in other countries, including Panama, where its Cobre Panama mine was suspended in 2023 following government action.

Founded in 1996, First Quantum has grown into an international mining company with a history of operating across Africa and Latin America.