First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Consensus Recommendation of “Buy” from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research firms have recently weighed in on FQVLF. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Monday, June 15th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Citigroup restated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th.

First Quantum Minerals Trading Up 1.4%

Shares of FQVLF stock opened at $32.16 on Monday. The business has a 50-day moving average price of $31.11 and a two-hundred day moving average price of $28.26. First Quantum Minerals has a 12-month low of $19.17 and a 12-month high of $35.48. The company has a quick ratio of 1.03, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The firm has a market cap of $26.83 billion, a P/E ratio of -292.36 and a beta of 1.40.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.29%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.40 billion. Equities analysts anticipate that First Quantum Minerals will post 0.32 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canadian mining and metals company focused primarily on the exploration, development and production of copper. The company also produces other byproducts, including gold, silver and nickel, depending on the characteristics of its mining operations.

First Quantum’s principal operating assets have included the Kansanshi and Sentinel copper mines in Zambia, along with the Cobre Panama copper mine in Panama. Cobre Panama has been subject to a government-ordered suspension since late 2023, while the company continues to focus on its operating assets, development projects and broader portfolio in jurisdictions including Africa, Australia and the Americas.

Founded in 1996 and headquartered in Vancouver, British Columbia, First Quantum has grown through the development and acquisition of large-scale international mining projects.