Streetbeat News

FQVLF

First Quantum Minerals Ltd.

https://www.first-quantum.com/

CEO

Philip Pascall

Industry

Copper Rolling, Drawing, Extruding, and Alloying

Open

12.66

Mkt cap

10B

Volume

2.2K

High

12.76

P/E Ratio

-5.57

52-wk high

15.23

Low

12.27

Div yield

N/A

52-wk low

8.22

First Quantum Minerals (OTC:FQVLF) is set to release its quarterly earnings on October 22, 2024. Analysts expect an EPS of $0.02. The company's past performance shows mixed results, with a recent positive EPS surprise leading to a 3.05% stock price increase. Shares are currently down 39.4% over the past year.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:01 pm

First Quantum Minerals (OTC:FQVLF) is set to release its quarterly earnings report on October 22, 2024. Analysts expect an EPS of $0.02. The market is hopeful for results that surpass estimates and positive guidance for the next quarter. The company's shares have been down 39.15% over the past year.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 2:01 pm

President Biden's upcoming visit to Angola highlights strategic motives, focusing on infrastructure development and critical mineral supply chains. The Lobito Corridor project, connecting Angola to the DRC and Zambia, is central to U.S. interests in countering China's influence and facilitating mineral exports crucial for EV and renewable energy technologies.

Portfolio Pulse from Stjepan Kalinic

October 19, 2024 | 9:33 pm

Manara Minerals, a joint venture between Saudi Arabia's PIF and Ma'aden, is nearing a deal to acquire a 15-20% stake in First Quantum Minerals' Zambian copper and nickel assets for $1.5-$2 billion. This move aligns with Manara's recent investments and helps First Quantum manage its debt amid infrastructure challenges in Zambia.

Portfolio Pulse from Stjepan Kalinic

October 18, 2024 | 11:03 am

JPMorgan analyst warns that potential Trump 2.0 trade policies could significantly impact copper stocks like Freeport-McMoRan and Teck Resources. Increased tariffs on Chinese imports could disrupt global copper demand, affecting related stocks and ETFs.

Portfolio Pulse from Surbhi Jain

October 15, 2024 | 3:16 pm

Barrick Gold (NYSE:GOLD) has expressed interest in partnering with the Panamanian government regarding the Cobre Panama mine, which has been idle due to contractual disputes between its owner, First Quantum Minerals (OTC:FQVLF), and the government. The mine's future remains uncertain, with potential new partnerships or operational changes expected next year. Barrick's CEO emphasized caution in overpaying for assets, while First Quantum seeks $20 billion in damages through arbitration.

Portfolio Pulse from Stjepan Kalinic

August 13, 2024 | 11:58 am

The Bank of Canada has cut interest rates by 0.25%, citing easing inflation and slower-than-expected economic growth. This decision led to a rally in Canadian stocks and a drop in the Canadian dollar. The iShares MSCI Canada Index Fund (NYSE:EWC) saw a 0.4% increase, with top performers including GFL Environmental Inc. (NYSE:GFL), First Quantum Minerals Ltd. (OTCPK:FQVLF), and Ivanhoe Mines Ltd. (OTCPK:IVPAF).

Portfolio Pulse from Piero Cingari

June 05, 2024 | 2:31 pm

Hedge fund manager Pierre Andurand predicts copper prices could reach $40,000 per tonne, driven by increasing demand from sectors like electric vehicles and renewable energy. This bullish outlook highlights investment opportunities in copper miner stocks and the Global X Copper Miners ETF (NYSE:COPX). The ETF has shown strong returns and holds key copper mining companies. Technical indicators also suggest a positive trend for COPX.

Portfolio Pulse from Surbhi Jain

May 27, 2024 | 2:59 pm

The article discusses the breakout of metals such as silver, gold, and copper, and highlights the performance of various ETFs and stocks. It also mentions the shift in market sentiment as Wall Street's last bear changes his outlook. Additionally, it provides insights into money flows in major tech stocks and ETFs, and offers investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

May 20, 2024 | 3:00 pm

The article discusses the impact of cooler-than-expected CPI data on the stock market, highlighting a breakout in the SPDR S&P 500 ETF Trust (SPY) and a new high in copper prices due to a short squeeze. It also mentions positive money flows in major tech stocks and ETFs, and provides insights on retail sales, gold, oil, and Bitcoin. The article advises investors on maintaining a protection band and adjusting their portfolios accordingly.

Portfolio Pulse from The Arora Report

May 15, 2024 | 4:16 pm

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