Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.61.
FQVLF has been the topic of a number of analyst reports. Raymond James increased their price objective 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. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th.
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First Quantum Minerals Stock Up 1.8 %
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last issued 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 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%. Equities analysts anticipate that First Quantum Minerals will post -0.15 EPS for the current 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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