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

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

Several other equities analysts also recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th. Citigroup restated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $22.87 on Wednesday. The business has a 50-day simple moving average of $28.63 and a two-hundred day simple moving average of $27.95. The company has a quick ratio of 1.03, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. First Quantum Minerals has a 52 week low of $19.52 and a 52 week high of $35.48. The stock has a market cap of $19.08 billion, a price-to-earnings ratio of 114.35 and a beta of 1.33.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.86 billion. First Quantum Minerals had a negative return on equity of 0.03% and a net margin of 2.65%. On average, analysts expect that First Quantum Minerals will post 0.17 EPS for the current 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.