First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 12-Month High - What's Next?

Key Points

• First Quantum Minerals reached a new 52-week high at $24.01, closing at $23.05 on Tuesday, with a trading volume of 5,471 shares.
• Analysts have given First Quantum Minerals an average rating of Moderate Buy, with two analysts rating it as a Strong Buy and five as Hold.
• In its latest quarterly earnings, the company reported $0.02 EPS, surpassing the consensus estimate of ($0.03) and recording revenue of $1.23 billion compared to expectations of $1.06 billion.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $24.01 and last traded at $23.05, with a volume of 5471 shares. The stock had previously closed at $22.61.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FQVLF shares. TD Securities reissued a "hold" rating on shares of First Quantum Minerals in a research report on Monday, September 29th. Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. Royal Bank Of Canada restated an "outperform" rating on shares of First Quantum Minerals in a report on Friday, July 25th. Raymond James Financial upgraded First Quantum Minerals to a "hold" rating in a research note on Monday, June 30th. Finally, National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research note on Wednesday, August 13th. 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 MarketBeat, First Quantum Minerals currently has an average rating of "Moderate Buy".

First Quantum Minerals Trading Up 0.2%

The company has a market cap of $18.90 billion, a price-to-earnings ratio of 94.42 and a beta of 1.36. The company has a current ratio of 2.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The business's 50 day moving average price is $18.44 and its 200-day moving average price is $16.11.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.06 billion. On average, equities analysts anticipate that First Quantum Minerals Ltd. will post 0.03 EPS 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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