First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) has earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.61.
FQVLF has been the subject of several analyst reports. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Raymond James lifted their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th.
Read Our Latest Research Report on FQVLF
First Quantum Minerals Price Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued its earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). First Quantum Minerals had a positive return on equity of 2.19% and a negative net margin of 14.78%. The company had revenue of $1.22 billion for the quarter. On average, equities research analysts anticipate that First Quantum Minerals will post -0.14 earnings per share for the current 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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