Brokerages Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $16.00

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.00.

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

First Quantum Minerals Stock Down 1.2 %

First Quantum Minerals stock opened at $13.69 on Friday. The company has a market capitalization of $11.42 billion, a P/E ratio of -6.14 and a beta of 1.50. 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 has a fifty-two week low of $8.22 and a fifty-two week high of $15.23. The stock has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $12.94.

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

About First Quantum Minerals

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.