First Quantum Minerals (OTCMKTS:FQVLF) Hits New 1-Year High - What's Next?

Key Points

• First Quantum Minerals reached a new 52-week high at $19.28, indicating positive market performance with a trading volume of 3,651 shares.
• Analysts have mixed ratings on the stock, with a consensus rating of Moderate Buy, including two Strong Buy ratings and five Holds.
• In its latest quarterly earnings, the company reported $0.02 EPS, surpassing expectations, and achieved revenue of $1.23 billion against an estimated $1.06 billion.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $19.28 and last traded at $19.12, with a volume of 3651 shares. The stock had previously closed at $18.85.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FQVLF. TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Finally, Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of "Moderate Buy".

First Quantum Minerals Trading Up 1.4%

The firm has a market capitalization of $15.95 billion, a PE ratio of 79.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.00. The company's 50-day moving average price is $17.26 and its 200-day moving average price is $15.19.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted 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. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. On average, sell-side analysts expect that First Quantum Minerals Ltd. 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.

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