First Quantum Minerals Ltd. (FQVLF) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is broadly positive: First Quantum Minerals has a consensus “Moderate Buy” rating, with seven buy ratings and two strong-buy ratings among 11 analysts, despite one sell and one hold rating.
• Recent earnings were mixed: The company reported a quarterly loss of $0.13 per share, missing the $0.07 loss estimate, while revenue of $1.52 billion exceeded expectations of $1.40 billion.
• Shares trade below key moving averages: FQVLF opened at $26.33, compared with a 50-day average of $31.05 and a 200-day average of $28.76; the stock’s 12-month range is $19.17 to $35.48.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company.

FQVLF has been the topic of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of First Quantum Minerals in a research report on Wednesday, July 8th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Zacks Research cut First Quantum Minerals from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 6th. Citigroup reissued a "positive" rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Finally, TD Securities upgraded shares of First Quantum Minerals from a "hold" rating to a "buy" rating in a report on Tuesday, July 14th.

First Quantum Minerals Stock Up 0.6%

Shares of OTCMKTS FQVLF opened at $26.33 on Friday. The firm's 50-day moving average is $31.05 and its two-hundred day moving average is $28.76. The company has a market capitalization of $21.96 billion, a PE ratio of -239.36 and a beta of 1.40. First Quantum Minerals has a 12-month low of $19.17 and a 12-month high of $35.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.90 and a quick ratio of 1.03.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.40 billion. First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. Equities analysts anticipate that First Quantum Minerals will post 0.25 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canadian mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and zinc as part of its mining activities and sells concentrates and other mineral products to customers in international markets.

First Quantum's principal operations have included the Kansanshi and Sentinel copper mines in Zambia, the Ravensthorpe nickel operation in Western Australia and the Cobre Panama copper mine in Panama.

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