Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.30 and last traded at $15.18, with a volume of 162039 shares trading hands. The stock had previously closed at $14.78.
Analyst Ratings Changes
Separately, Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.
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First Quantum Minerals Price Performance
First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%. Sell-side analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.
First Quantum Minerals Company Profile
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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