First Quantum Minerals (OTCMKTS:FQVLF) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued a buy rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets downgraded First Quantum Minerals from an outperform rating to a market perform rating in a report on Tuesday. Royal Bank of Canada upgraded First Quantum Minerals from a sector perform rating to an outperform rating in a report on Monday, March 4th. Finally, Raymond James raised their price target on First Quantum Minerals from $13.00 to $16.00 and gave the company 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 stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $33.33.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at $13.31 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. The company has a market cap of $11.09 billion, a PE ratio of -7.83 and a beta of 1.75. The business has a 50 day moving average of $12.03 and a 200 day moving average of $10.25. First Quantum Minerals has a 52 week low of $6.92 and a 52 week high of $29.79.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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 forecast that First Quantum Minerals will post -0.15 earnings per share for the current 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.