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

Key Points

• Analysts give First Quantum an average rating of Moderate Buy from 15 covering firms (5 hold, 7 buy, 3 strong buy), with recent positive moves including UBS upgrading to strong-buy and Morgan Stanley reiterating overweight.
• The stock opened at $22.43 and trades within a 52-week range of $10.18–$33.30 with a market cap of $18.71 billion and a notably negative P/E of -560.75, while the 50/200-day SMAs sit at $26.74 and $24.42 respectively.
• In the latest quarter First Quantum reported $0.01 EPS, missing the $0.06 consensus but beating revenue expectations at $1.48B versus $1.33B, and analysts forecast about $0.03 EPS for the current fiscal year.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have given a strong buy recommendation to the company.

Several research analysts recently weighed in on FQVLF shares. TD Securities restated a "hold" rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Raymond James Financial reiterated a "market perform" rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. UBS Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Morgan Stanley reissued an "overweight" rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Finally, Scotiabank restated an "outperform" rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $22.43 on Monday. First Quantum Minerals has a 52 week low of $10.18 and a 52 week high of $33.30. The business has a 50-day simple moving average of $26.74 and a 200 day simple moving average of $24.42. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of -560.75 and a beta of 1.27.

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

About First Quantum Minerals

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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