First Quantum Minerals (OTCMKTS:FQVLF) Hits New 12-Month High - Still a Buy?

Key Points

• First Quantum Minerals reached a new 52-week high of $21.99 during trading, closing at $21.61 with a trading volume of 20,570 shares.
• Analysts have a consensus rating of Moderate Buy on First Quantum Minerals, with two analysts rating it as a Strong Buy and five giving a Hold rating.
• The company reported a net margin of 4.08% and a revenue of $1.23 billion for the last quarter, surpassing analysts' expectations of $1.06 billion.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $21.99 and last traded at $21.61, with a volume of 20570 shares changing hands. The stock had previously closed at $20.13.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FQVLF. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Raymond James Financial raised shares of First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Finally, Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. 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 presently has a consensus rating of "Moderate Buy".

First Quantum Minerals Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.00. The company's 50 day moving average is $17.59 and its 200 day moving average is $15.61. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 89.34 and a beta of 1.35.

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

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