First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.00.

Separately, Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $13.07 on Tuesday. The company has a market cap of $10.90 billion, a P/E ratio of -5.86 and a beta of 1.50. First Quantum Minerals has a one year low of $7.72 and a one year high of $15.23. The business has a fifty day moving average of $13.42 and a two-hundred day moving average of $12.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, analysts predict that First Quantum Minerals will post -0.12 earnings per share 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.