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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company.

FQVLF has been the subject of several research reports. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Raymond James Financial upgraded First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. Desjardins started coverage on First Quantum Minerals in a research note on Friday, April 4th. They set a "hold" rating on the stock. Finally, Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th.

First Quantum Minerals Price Performance

Shares of FQVLF traded down $0.22 during trading hours on Wednesday, hitting $17.31. 136,319 shares of the stock were exchanged, compared to its average volume of 198,975. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.94 and a current ratio of 1.87. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $19.00. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 72.13 and a beta of 1.38. The stock's 50-day moving average price is $16.28 and its two-hundred day moving average price is $14.27.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.06 billion. Research analysts expect that First Quantum Minerals will post 0.03 earnings per share for the current year.

First Quantum Minerals Company Profile

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.