First Quantum Minerals (OTCMKTS:FQVLF) Stock Moved Up to Hold by Zacks Research

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

Several other analysts have also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Trading Down 3.6%

Shares of FQVLF opened at $22.87 on Wednesday. First Quantum Minerals has a 12-month low of $19.52 and a 12-month high of $35.48. The firm has a 50-day moving average price of $28.63 and a 200 day moving average price of $27.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.03.

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

About First Quantum Minerals

First Quantum Minerals Ltd. is a mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and other mineral products as by-products of its operations. Its copper production supports industries such as electrical equipment, construction, transportation and renewable energy.

First Quantum’s principal operating assets include the Kansanshi copper-gold mine and the Sentinel copper mine in Zambia. The company has also operated the Cobre Panamá copper mine in Panama, although operations there were suspended following government action and a legal dispute in late 2023.