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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company.

A number of analysts have weighed in on the company. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th. Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a research report on Friday, April 25th. Finally, Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th.

First Quantum Minerals Price Performance

FQVLF stock traded up $0.48 during mid-day trading on Friday, hitting $13.91. The company had a trading volume of 309,735 shares, compared to its average volume of 212,664. The company has a 50-day moving average price of $13.19 and a 200 day moving average price of $13.24. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $16.23. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of -695.33 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, research analysts anticipate that First Quantum Minerals will post 0.03 earnings per share for the current 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.