First Quantum Minerals (OTCMKTS:FQVLF) had its price objective decreased by Canaccord Genuity from $18.00 to $17.00 in a research note published on Wednesday morning, The Fly reports. Canaccord Genuity currently has a buy rating on the basic materials company’s stock.
Other research analysts have also issued research reports about the company. Barclays lowered First Quantum Minerals from an overweight rating to an equal weight rating in a research report on Monday, July 20th. They noted that the move was a valuation call. Scotiabank increased their target price on First Quantum Minerals from $15.00 to $17.00 and gave the company an outperform rating in a research report on Tuesday, October 13th. Morgan Stanley raised their price objective on First Quantum Minerals from $13.00 to $18.00 and gave the company an overweight rating in a report on Thursday, September 24th. Raymond James raised their price objective on First Quantum Minerals from $17.00 to $18.00 and gave the stock a market perform rating in a research report on Thursday, September 24th. Finally, Royal Bank of Canada lifted their target price on First Quantum Minerals from $12.00 to $14.00 and gave the company an outperform rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. First Quantum Minerals currently has a consensus rating of Buy and an average price target of $14.91.
Shares of OTCMKTS:FQVLF opened at $9.38 on Wednesday. First Quantum Minerals has a 1 year low of $3.33 and a 1 year high of $11.22. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of -15.63 and a beta of 2.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.50 and a quick ratio of 0.77. The business’s 50 day moving average price is $9.58 and its 200-day moving average price is $7.77.
First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, July 28th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative net margin of 9.09% and a negative return on equity of 0.74%. The business had revenue of $1.01 billion for the quarter.
The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, August 28th were given a dividend of $0.004 per share. The ex-dividend date of this dividend was Thursday, August 27th.
First Quantum Minerals Company Profile
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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