First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.61.
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Raymond James upped their price target on First Quantum Minerals from $13.00 to $16.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th.
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First Quantum Minerals Stock Up 12.7 %
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $931.34 million. First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%. Sell-side analysts expect that First Quantum Minerals will post -0.14 EPS for the current fiscal 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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