First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Rating of "Buy" by Brokerages

Key Points

• First Quantum Minerals has a consensus “Buy” rating from 11 analysts: seven rate it a buy, two a strong buy, and two a hold. Recent coverage includes upgrades and reiterated positive ratings from Deutsche Bank, Scotiabank, Barclays, Morgan Stanley, and Citigroup.
• The stock opened at $31.05, with a 12-month range of $18.66 to $35.48 and a market capitalization of approximately $25.9 billion.
• In its latest quarter, the company reported a $0.13 per-share loss, missing estimates for a $0.07 loss, although revenue of $1.52 billion exceeded the $1.40 billion consensus forecast.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) has been assigned an average rating of "Buy" from the eleven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company.

Several research firms recently weighed in on FQVLF. Scotiabank reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research note on Monday, June 15th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, June 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Finally, Citigroup reiterated a "positive" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th.

First Quantum Minerals Price Performance

OTCMKTS FQVLF opened at $31.05 on Monday. First Quantum Minerals has a 12 month low of $18.66 and a 12 month high of $35.48. The company has a current ratio of 1.90, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The stock has a market cap of $25.90 billion, a PE ratio of -282.27 and a beta of 1.40. The stock's 50 day moving average is $30.54 and its 200 day moving average is $28.06.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.29%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.40 billion. Research analysts predict that First Quantum Minerals will post 0.32 EPS for the current fiscal year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canadian mining and metals company focused primarily on the exploration, development and production of copper. The company also produces other byproducts, including gold, silver and nickel, depending on the characteristics of its mining operations.

First Quantum's principal operating assets have included the Kansanshi and Sentinel copper mines in Zambia, along with the Cobre Panama copper mine in Panama. Cobre Panama has been subject to a government-ordered suspension since late 2023, while the company continues to focus on its operating assets, development projects and broader portfolio in jurisdictions including Africa, Australia and the Americas.

Founded in 1996 and headquartered in Vancouver, British Columbia, First Quantum has grown through the development and acquisition of large-scale international mining projects.

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