Fri Sep 20 08:14:48 UTC 2024: ## First Quantum Minerals (FQVLF) Holds Steady with “Hold” Rating
**Toronto, Canada** – First Quantum Minerals Ltd. (FQVLF) is currently holding a consensus recommendation of “Hold” from eight research firms, according to MarketBeat.com. While five analysts have assigned a “hold” rating, three have issued a “buy” rating. The average 12-month price target among analysts is $21.00.
The company recently exceeded expectations in its latest quarterly earnings report, released on July 23rd. First Quantum Minerals reported earnings per share of ($0.02), beating the consensus estimate of ($0.04) by $0.02. Revenue for the quarter reached $1.23 billion, surpassing the predicted $1.04 billion.
Despite the positive earnings, Morgan Stanley downgraded shares of First Quantum Minerals from “overweight” to “equal weight” on July 8th. However, Citigroup upgraded the company from “neutral” to “buy” on June 20th.
First Quantum Minerals is a global mining company involved in the exploration, development, and production of mineral properties. The company operates mines across various countries, including Zambia, Panama, Finland, and Australia. Its primary focus is on copper, nickel, and other precious metals.
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