First Quantum Minerals (FQVLF, Financial) has reported a tragic incident at its Trident operation, where an employee died following a mishap involving a dump truck at the Sentinel pit. The company has alerted local authorities, pledging full cooperation with the investigation. Concurrently, First Quantum is conducting its own internal review of the incident.
Following the event, the specific site was secured to ensure no further risks, and operations in the vicinity have been halted. Activities will resume once safety is assured to prevent any additional incidents.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for First Quantum Minerals Ltd (FQVLF, Financial) is $17.16 with a high estimate of $17.16 and a low estimate of $17.16. The average target implies an upside of 9.55% from the current price of $15.66. More detailed estimate data can be found on the First Quantum Minerals Ltd (FQVLF) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, First Quantum Minerals Ltd's (FQVLF, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Quantum Minerals Ltd (FQVLF, Financial) in one year is $11.56, suggesting a downside of 26.2% from the current price of $15.664. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Quantum Minerals Ltd (FQVLF) Summary page.
