First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts are broadly positive: First Quantum Minerals has a consensus “Buy” rating from 11 brokerages, including seven buys, two strong buys and two holds. Deutsche Bank and TD Securities recently upgraded the stock to “Buy.”
• Shares remain near their 52-week high: The stock opened at $34.72, compared with a 52-week range of $15.98 to $35.48, and has a market capitalization of approximately $28.97 billion.
• Quarterly results were mixed: First Quantum reported revenue of $1.52 billion, above estimates, but its adjusted loss of $0.13 per share missed the expected $0.07 loss; analysts forecast $0.29 in earnings per share for the full fiscal year.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have received a consensus rating of "Buy" from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company.

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, June 3rd. TD Securities raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday, July 14th. Morgan Stanley restated an "overweight" rating on shares of First Quantum Minerals in a research report on Wednesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Monday, June 15th. Finally, Citigroup reissued a "positive" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th.

First Quantum Minerals Trading Down 1.3%

OTCMKTS:FQVLF opened at $34.72 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. First Quantum Minerals has a 52 week low of $15.98 and a 52 week high of $35.48. The stock has a market cap of $28.97 billion, a price-to-earnings ratio of -315.66 and a beta of 1.36. The company's 50 day moving average price is $28.98 and its 200-day moving average price is $27.57.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its earnings results 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 the consensus estimate of $1.40 billion. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.28%. On average, equities research analysts forecast that First Quantum Minerals will post 0.29 earnings per share 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.

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