First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.61.
Several analysts have issued reports on the stock. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th. BMO Capital Markets downgraded shares of First Quantum Minerals from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Raymond James increased their target price on shares of First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group initiated coverage on shares of First Quantum Minerals in a report on Tuesday. They issued a “buy” rating for the company.
Get Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Price Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $931.34 million. First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%. As a group, research analysts expect that First Quantum Minerals will post -0.15 EPS for the current fiscal year.
About First Quantum Minerals
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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