First Quantum Minerals (OTCMKTS:FQVLF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks reports.

FQVLF has been the subject of a number of other research reports. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Finally, TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Down 3.6%

Shares of OTCMKTS FQVLF opened at $22.87 on Wednesday. First Quantum Minerals has a 1-year low of $19.52 and a 1-year high of $35.48. The company has a market cap of $19.08 billion, a PE ratio of 114.35 and a beta of 1.33. 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 company has a 50-day moving average of $28.63 and a two-hundred day moving average of $27.95.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. First Quantum Minerals had a net margin of 2.65% and a negative return on equity of 0.03%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.86 billion. As a group, equities 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.