First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• First Quantum Minerals has been upgraded to a "Strong-Buy" rating by Zacks Research, indicating increased investor confidence.
• Analysts have mixed opinions on the stock, with three analysts rating it as a Strong Buy, four as Buy, and five as Hold, leading to a consensus rating of "Moderate Buy."
• The company reported earnings of $0.02 per share for the most recent quarter, surpassing analysts' expectations and generating revenue of $1.23 billion, exceeding consensus estimates.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research note on Monday, September 29th. Citigroup reaffirmed a "buy" rating on shares of First Quantum Minerals in a research note on Wednesday. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research note on Monday, July 28th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

First Quantum Minerals Trading Down 0.4%

OTCMKTS:FQVLF opened at $22.51 on Monday. First Quantum Minerals has a 12 month low of $10.18 and a 12 month high of $24.01. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 93.80 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The company's 50 day moving average is $18.55 and its 200-day moving average is $16.16.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.05. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts anticipate that First Quantum Minerals will post 0.03 EPS for the current year.

First Quantum Minerals Company Profile

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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