First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts assign First Quantum a consensus rating of Moderate Buy from 13 covering firms (7 buys, 4 holds, 2 strong buys), with UBS recently upgrading the stock to strong-buy.
• In the latest quarter the company reported EPS of $0.01, missing the $0.06 consensus while revenue of $1.48 billion topped expectations, and sell-side forecasts project about 0.8 EPS for the current year.
• Shares opened at $27.29 and trade in a 1‑year range of $12.31–$33.30 with a market cap of $22.77B; valuation metrics include a negative P/E (~-682) and a debt-to-equity ratio of 0.44.

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

Several research firms have issued reports on FQVLF. Scotiabank reiterated an "outperform" rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. TD Securities reiterated a "hold" rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Raymond James Financial reiterated a "market perform" rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. UBS Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of First Quantum Minerals in a research note on Wednesday, April 15th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $27.29 on Friday. First Quantum Minerals has a 1 year low of $12.31 and a 1 year high of $33.30. The firm has a 50 day moving average price of $25.91 and a 200 day moving average price of $25.16. The company has a market cap of $22.77 billion, a price-to-earnings ratio of -682.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%.The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.33 billion. Sell-side analysts predict that First Quantum Minerals will post 0.8 earnings per share for the current 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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