Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Rating) have earned a consensus rating of “Buy” from the nineteen brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $41.39.
FQVLF has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on shares of First Quantum Minerals in a report on Tuesday, March 29th. They issued a “hold” rating and a $37.00 price objective for the company. Royal Bank of Canada reduced their price objective on shares of First Quantum Minerals from C$43.00 to C$42.00 in a report on Thursday, April 28th. Canaccord Genuity Group raised shares of First Quantum Minerals to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, April 28th. Morgan Stanley downgraded shares of First Quantum Minerals from an “overweight” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Thursday, March 24th. Finally, The Goldman Sachs Group downgraded shares of First Quantum Minerals from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Wednesday, March 9th.
First Quantum Minerals stock opened at $30.94 on Friday. The firm has a market capitalization of $21.40 billion, a P/E ratio of 19.83, a P/E/G ratio of 4.00 and a beta of 2.01. The company has a 50-day simple moving average of $29.91 and a 200-day simple moving average of $27.19. First Quantum Minerals has a one year low of $16.19 and a one year high of $37.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 2.35.
About First Quantum Minerals (Get Rating)
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, gold, silver, 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.
- Get a free copy of the StockNews.com research report on First Quantum Minerals (FQVLF)
- Investing in Chewy Will Require More Than One Earnings Report
- Hormel Foods Sends A Message To The Market
- JFrog Stock is Ready to Leap
- PVH Corp. Looks Sharp For A Major Reversal
- The Analysts Reel In Their Targets For NetApp
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.