First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company.

FQVLF has been the topic of a number of analyst reports. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Stifel Nicolaus raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. BMO Capital Markets restated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, October 29th. Finally, Scotiabank upgraded shares of First Quantum Minerals from a “hold” rating to an “outperform” rating in a research note on Thursday.

First Quantum Minerals Trading Down 1.2%

OTCMKTS FQVLF opened at $26.54 on Friday. First Quantum Minerals has a one year low of $10.18 and a one year high of $33.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. The company has a market capitalization of $22.14 billion, a price-to-earnings ratio of -663.50 and a beta of 1.32. The company’s 50-day simple moving average is $27.49 and its two-hundred day simple moving average is $22.63.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. Equities analysts forecast that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.