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

Key Points

• First Quantum Minerals Ltd. has received a consensus rating of "Moderate Buy" from ten brokerages, with recommendations varying from hold to strong buy.
• The company reported a net revenue of $1.23 billion for the quarter, exceeding analysts' expectations of $1.06 billion.
• First Quantum Minerals' shares opened at $17.11 with a market capitalization of $14.27 billion and a P/E ratio of 71.29.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company.

Several brokerages recently weighed in on FQVLF. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. Raymond James Financial upgraded First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Scotiabank restated a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. Finally, TD Securities reiterated a "hold" rating on shares of First Quantum Minerals in a research report on Friday, July 25th.

First Quantum Minerals Trading Down 0.1%

FQVLF opened at $17.11 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.27 billion, a P/E ratio of 71.29 and a beta of 1.38. First Quantum Minerals has a 52-week low of $10.18 and a 52-week high of $19.00. The firm's 50 day moving average is $16.89 and its 200-day moving average is $14.66.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.05. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. Analysts expect that First Quantum Minerals will post 0.03 EPS for the current fiscal 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.

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