First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Tuesday, Marketbeat reports.
A number of other equities analysts have also recently weighed in on FQVLF. 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 increased their price target on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.33.
Get Our Latest Stock Analysis on First Quantum Minerals
First Quantum Minerals Stock Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last released its quarterly earnings data 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 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, equities research analysts expect that First Quantum Minerals will post -0.15 earnings per share 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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